Davita Earnings Cheat Sheet: Net Income Drops in Last Two Quarters

S&P 500 (NYSE:SPY) component Davita, Inc. (NYSE:DVA) reported its results for the first quarter. Davita, Inc. operates kidney dialysis centers and provides related lab and ancillary services across the United States.

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Davita Earnings Cheat Sheet for the First Quarter

Results: Net income for the specialized health services company company fell to $94.5 million (96 cents/share) vs. $109.4 million ($1.04/share) a year earlier. A decline of 13.6% from the year earlier quarter.

Revenue: Rose 3% to $1.61 billion YoY.

Actual vs. Wall St. Expectations: DVA fell in line with the mean analyst estimate of 96 cents/share. Estimates ranged from 81 cents per share to $1.22 per share.

Key Stats: The company has now seen net income fall in each of the last two quarters. In the fourth quarter of the last fiscal year, net income fell 37.1% from the year earlier quarter.

Over the last five quarters, revenue has increased 5.1% on average year over year. The biggest increase came in the first quarter of the last fiscal year, when revenue rose 7.7% from the year earlier quarter.

Competitors to Watch: Fresenius Medical Care AG & Co. (NYSE:FMS), Hanger Orthopedic Group, Inc. (NYSE:HGR), Continucare Corporation (NYSE:CNU), Universal Health Services, Inc. (NYSE:UHS), NovaMed, Inc. (NASDAQ:NOVA), MedCath Corporation (NASDAQ:MDTH), Dynacq Healthcare, Inc. (NASDAQ:DYII), and U.S. Physical Therapy, Inc. (NASDAQ:USPH)

Stock Performance: Shares of DVA are unchanged in pre-market trading.


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