SUNRISE, Fla. (AP) _ Mednax Inc. (MD) on Thursday reported a first-quarter loss of $242.9 million, after reporting a profit in the same period a year earlier.
The Sunrise, Florida-based company said it had a loss of $2.81 per share. Earnings, adjusted for one-time gains and costs, were 65 cents per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.
The physician group posted revenue of $851.2 million in the period, also missing Street forecasts. Eight analysts surveyed by Zacks expected $904.5 million.
For the current quarter ending in July, Mednax expects its per-share earnings to range from 84 cents to 92 cents.
Mednax shares have fallen 14% since the beginning of the year. The stock has dropped 37% 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 MD at https://www.zacks.com/ap/MD