DaVita Q3 Profit Down, Misses Estimates; Cuts Annual Profit Outlook Below View - Update

(Adds Outlook)

DaVita Inc. (DVA) revealed earnings for third quarter that decreased from last year and missed the Street estimates.

The company's earnings totaled $105.37 million, or $1.13 per share. This compares with $259.75 million, or $2.36 per share, in last year's third quarter.

Excluding items, DaVita Inc. reported adjusted earnings of $135 million or $1.45 per share for the period.

Analysts on average had expected the company to earn $1.77 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.3% to $2.95 billion from $2.94 billion last year.


Looking forward, the company has lowered its outlook for full-year adjusted EPS to $6.20-$6.70 from $7.50-$8.50 provided earlier.

On average, 6 analysts polled by Thomson-Reuters expect the company to report earnings of $7.72 per share.

DaVita Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $105.37 Mln. vs. $259.75 Mln. last year.
-EPS (Q3): $1.13 vs. $2.36 last year.
-Analyst Estimates: $1.77
-Revenue (Q3): $2.95 Bln vs. $2.94 Bln last year.

Full year EPS guidance: $6.20 to $6.70

For comments and feedback contact: editorial@rttnews.com

Business News

Follow RTT