DaVita HealthCare Partners Inc. (DVA) Tuesday said first-quarter profit plunged to $30.16 million or $0.28 per share from $140.12 million or $1.46 per share in the same period last year.
Income from continuing operations totaled $46.50 million or $0.16 per share, down from $164.98 million or $1.46 per share last year.
Adjusted earnings from continuing operations was $196.9 million or $1.84 per share. On average, 13 analysts polled by Thomson Reuters expected the company to earn $1.79 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $2.83 billion, up from $1.85 billion last year. Analysts expected revenues of $2.78 billion.
Operating expenses and charges amounted to $2.66 billion, up from $1.53 billion last year.
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