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RadNet: 4Q Earnings Snapshot

LOS ANGELES (AP) _ RadNet Inc. (RDNT) on Thursday reported fourth-quarter net income of $29.1 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Los Angeles-based company said it had profit of 59 cents.

The operator of medical diagnostic imaging centers posted revenue of $257.2 million in the period.

For the year, the company reported profit of $32.2 million, or 66 cents per share. Revenue was reported as $975.1 million.

RadNet expects full-year revenue in the range of $1.05 billion to $1.1 billion.

RadNet shares have increased 36 percent since the beginning of the year. The stock has climbed roughly 10 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 RDNT at https://www.zacks.com/ap/RDNT