DaVita HealthCare: 3Q Earnings Snapshot
DENVER (AP) _ DaVita HealthCare Partners Inc. (DVA) on Tuesday reported third-quarter net income of $143.3 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Denver-based company said it had net income of 95 cents. Earnings, adjusted for one-time gains and costs, came to $1.53 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.
The kidney dialysis provider posted revenue of $2.9 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $2.85 billion.
DaVita HealthCare shares have risen 21% since the beginning of the year, while the Standard & Poor’s 500 index has increased 23%. In the final minutes of trading on Tuesday, shares hit $62.44, a drop of roughly 9% in the last 12 months.