MEDNAX Q4 Results Beat Estimates

(RTTNews) - MEDNAX, Inc. (MD), a national medical group specializing in neonatal, maternal-fetal and pediatric physician sub-specialty services as well as anesthesia services, Thursday announced a rise in the fourth-quarter earnings primarily due to growth in revenue. In addition, earnings and revenue surpassed the Street estimates.

Earnings for the quarter were $78.97 million, or $0.78 per share, compared with $66.1 million, or $0.66 per share, a year ago. On average, 16 analysts polled by Thomson-Reuters estimated the company's earnings to be $0.75 for the quarter. Analysts' estimates typically exclude one-time items.

Net patient service revenue rose 20.4 percent to $567.4 million from $471.3 million a year ago, largely driven by contributions from acquisitions completed since October 2012. Analysts had expected revenue of $554.31 million for the quarter.

Looking ahead, the company expects first-quarter earnings per share to be in a range of $0.60 - $0.63 and same-unit revenue growth of 3 - 5 percent from last year. Analysts expect first-quarter earnings per share of $0.60.