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Envision Healthcare reports 4Q loss

NASHVILLE, Tenn. (AP) _ Envision Healthcare Corporation (EVHC) on Tuesday reported a fourth-quarter loss of $135.5 million, after reporting a profit in the same period a year earlier.

The Nashville, Tennessee-based company said it had a loss of $1.84 per share. Earnings, adjusted for asset impairment costs and non-recurring costs, were $1.15 per share.

The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.

The ambulatory surgery center operator posted revenue of $1.94 billion in the period, surpassing Street forecasts. Eight analysts surveyed by Zacks expected $1.4 billion.

For the year, the company reported a loss of $18.6 million, or 47 cents per share, swinging to a loss in the period. Revenue was reported as $3.7 billion.

Envision Healthcare shares have climbed 11 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $70, a climb of roughly 3 percent in the last 12 months.


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


Keywords: Envision Healthcare, Earnings Report