American Renal Associates: 3Q Earnings Snapshot
BEVERLY, Mass. (AP) _ American Renal Associates Holdings Inc. (ARA) on Tuesday reported third-quarter net income of $4.8 million, after reporting a loss in the same period a year earlier.
The Beverly, Massachusetts-based company said it had net income of 11 cents per share. Earnings, adjusted for non-recurring costs, came to 33 cents per share.
The dialysis centers owner posted revenue of $211.4 million in the period.
American Renal Associates shares have fallen 24% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $8.73, a decline of 56% in the last 12 months.