Surgical Care Affiliates Turns To Profit In Q1

(RTTNews) - Surgical Care Affiliates, Inc. (SCAI) posted first-quarter net income attributable to the company of $0.2 million or $0.01 per share, compared to net loss of $1.4 million or $0.05 per share for the year-ago quarter.

Adjusted net income for the latest first quarter was $15.2 million, up 28.5% from $11.8 million last year.

Analysts polled by Thomson Reuters expected the company to earn $0.14 per share for the first quarter. Analysts' estimates typically exclude special items.

Total net operating revenues for the first quarter rose to $196.0 million from $192.0 million a year ago. Six analysts had a consensus revenue estimate of $199.87 million for the quarter.