DaVita Earnings: Here’s Why Shares are Down Now
DaVita, Inc. (NYSE:DVA) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.89%.
DaVita, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 23.49% to $1.84 in the quarter versus EPS of $1.49 in the year-earlier quarter.
Revenue: Rose 48.81% to $2.87 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: DaVita, Inc. reported adjusted EPS income of $1.84 per share. By that measure, the company missed the mean analyst estimate of $1.84. It missed the average revenue estimate of $2.88 billion.
Key Stats (on next page)…