RadNet: Q4 Earnings Snapshot
LOS ANGELES (AP) — LOS ANGELES (AP) — RadNet Inc. (RDNT) on Thursday reported a loss of $1.9 million in its fourth quarter.
On a per-share basis, the Los Angeles-based company said it had a loss of 3 cents. Earnings, adjusted for non-recurring costs, came to 20 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The operator of medical diagnostic imaging centers posted revenue of $420.4 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $411.7 million.
For the year, the company reported profit of $3 million, or 5 cents per share. Revenue was reported as $1.62 billion.
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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
