DaVita HealthCare Partners Q3 Revenues Rise, but Net Falls
Shares of DaVita HealthCare Partners look like they might need a little care following the release of the company's Q3 results. For the quarter, revenues totaled $2.1 billion, an improvement over the $1.8 billion the company posted in the same period the previous year. Attributable net income went in the opposite direction, however, coming in at $136.6 million ($0.64 per diluted share) versus the Q3 2012 result of $144.7 million ($0.75).
In terms of operations, the company provided its dialysis services to roughly 166,000 patients at 2,108 outpatient centers. During the quarter, it acquired 10 centers in the U.S. and 18 abroad. It opened a total of 25 such facilities throughout the U.S. during the period.
DaVita also provided updated guidance for certain fiscal 2013 line items. Chiefly, it now expects operating income of $380 million to $400 million. That's a narrowing of the previously provided range, which was $380 million to $430 million. Operating income for this past Q3 was $377 million.
The company's stock dipped by 2.7%, or $1.51, today to close at $55.02.
The article DaVita HealthCare Partners Q3 Revenues Rise, but Net Falls originally appeared on Fool.com.Fool contributor Eric Volkman has no position in DaVita HealthCare Partners. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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