MEDNAX Q3 Profit Climbs, Tops View - Quick Facts

(RTTNews) - Medical services provider MEDNAX, Inc. (MD), Thursday reported an increase in net income for the third-quarter, that breezed past the consensus estimates, resulting from strong revenue growth, primarily from recent acquisitions.

For the three-month period, the company reported net income of $77 million or $1.52 per share, compared with $65.9 million or $1.32 per share last year. On average, fifteen polled by Thomson Reuters expected the company to report earnings per share of $1.48 for the quarter. Analysts' estimates typically exclude one-time items.

The company clocked net patient service revenue of $554.7 million, a 17.3 percent increase from prior year's $473.1 million. Street estimated the company to generate $556.65 million for the quarter.

Looking ahead, for the fourth quarter, MEDNAX expects earnings will be in a range between $1.47 to $1.52 per share. Analysts expect the company to report earnings of $1.51 for the quarter.