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American Renal Associates posts 4Q loss

BEVERLY, Mass. (AP) _ American Renal Associates Holdings Inc. (ARA) on Tuesday reported a fourth-quarter loss of $7.1 million, after reporting a profit in the same period a year earlier.

The Beverly, Massachusetts-based company said it had a loss of 2 cents per share. Earnings, adjusted for non-recurring costs, came to 26 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The dialysis centers owner posted revenue of $199.1 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $198.8 million.

For the year, the company reported a loss of $385,000, or 28 cents per share. Revenue was reported as $749.8 million.

American Renal Associates shares have declined slightly more than 4 percent since the beginning of the year.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARA at https://www.zacks.com/ap/ARA


Keywords: American Renal Associates, Earnings Report