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Surgery Partners misses 4Q profit forecasts

NASHVILLE, Tenn. (AP) _ Surgery Partners Inc. (SGRY) on Thursday reported fourth-quarter earnings of $16.9 million.

On a per-share basis, the Nashville, Tennessee-based company said it had net income of 35 cents. Earnings, adjusted for non-recurring gains, came to 19 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.

The surgical facilities operator posted revenue of $306 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $297.9 million.

For the year, the company reported profit of $9.5 million, or 20 cents per share. Revenue was reported as $1.15 billion.

Surgery Partners shares have climbed 32 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $20.95, a rise of 53 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 SGRY at https://www.zacks.com/ap/SGRY


Keywords: Surgery Partners, Earnings Report