DaVita beats analysts’ forecast
DaVita Inc., the operator of kidney dialysis centers, said first-quarter profit rose 14% as it opened facilities and boosted per-patient revenue for the first time in three quarters.
Net income climbed to $86.9 million, or 80 cents a share, from $76.6 million, or 72 cents, a year earlier, the El Segundo-based company said. Profit excluding certain items beat analysts’ estimates.
Revenue rose 5% to $1.34 billion as DaVita acquired four treatment centers and opened 27 facilities. Per-patient revenue rose 0.3%.
Profit adjusted for certain items was 80 cents a share, beating the 78 cents average estimate of analysts surveyed by Bloomberg.
DaVita shares rose 50 cents, or 1%, to $50.76 before the earnings news.
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