DaVita HealthCare Partners Q1 Profit Meets Views

DaVita HealthCare Partners Inc DVA reported in-line adjusted earnings for the first quarter on Monday. The Denver, Colorado-based company reported a quarterly loss of $111 million, or $0.52 per share, versus a year-ago profit of $183 million, or $0.85 per share. Excluding non-recurring items, the company's adjusted earnings came in at $0.86 per share. Its revenue climbed to $3.29 billion from $3.04 billion. However, analysts were expecting earnings of $0.86 per share on revenue of $3.25 billion. The average estimate among 12 Estimize users was for earnings of $0.89 per share on revenue of $3.27 billion. Operating loss for the quarter came in at $64 million, while adjusted operating income was $495 million for the latest quarter. Total U.S. dialysis treatments were 6,262,635 for the first quarter. During the first quarter, the company repurchased 891,429 shares of our common stock at an average price of $78.60 per share. The company now expects 2015 consolidated operating income of $1.800 billion to $1.925 billion, versus prior forecast of $1.750 billion to $1.900 billion. DaVita shares rose 0.36 percent to $82.64 in the after-hours trading session.
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