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Fresenius Medical Care misses 4Q revenue forecasts

BAD HOMBURG, Germany (AP) -- Fresenius Medical Care AG (FMS) on Wednesday reported fourth-quarter net income of $388 million.

The Bad Homburg, Germany-based company said it had net income of 63 cents per American depositary share.

The dialysis services provider posted revenue of $4.69 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $4.75 billion.

For the year, the company reported profit of $1.24 billion, or $2.03 per share. Revenue was reported as $17.91 billion.

Fresenius Medical Care's American depositary shares are basically flat since the beginning of the year. The shares have declined about 1 percent in the last 12 months.

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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FMS at https://www.zacks.com/ap/FMS

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Keywords: Fresenius, Earnings Report