DaVita Q1 Adj Profit Meets Estimate

(RTTNews) - Kidney dialysis centers operator DaVita HealthCare Partners Inc. (DVA) reported a net loss for the first quarter of $111 million or $0.52 per share, compared to net income of $183 million or $0.85 per share for the year-ago quarter.

Excluding an accrual of an after-tax estimated loss contingency of $298 million or $1.38 per share, adjusted net income for the latest quarter was $187 million or $0.86 per share.

Total net revenue for the first quarter rose to $3.29 billion from $3.04 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.86 per share on revenue of $3.25 billion for the first quarter. Analysts' estimates typically exclude special items.

The company said it continues to expect revenue of about $8.8 billion and adjusted earnings of $3.15 to $3.75 per share for the full year 2015. Analysts currently expect the company to earn $3.51 per share on revenue of $8.80 billion for the full year 2015.