DENVER (AP) _ DaVita HealthCare Partners Inc. (DVA) on Monday reported fourth-quarter net income of $244.9 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Denver-based company said it had profit of $1.88. Earnings, adjusted to account for discontinued operations, were $1.86 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.
The kidney dialysis provider posted revenue of $2.9 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $2.92 billion.
For the year, the company reported profit of $811 million, or $5.27 per share. Revenue was reported as $11.39 billion.
DaVita HealthCare shares have increased 10% since the beginning of the year, while the Standard & Poor's 500 index has increased nearly 4%. In the final minutes of trading on Monday, shares hit $82.75, a rise of 47% in the last 12 months.