DaVita HealthCare Partners Q2 Profit Beats Estimates

(RTTNews) - DaVita HealthCare Partners Inc. (DVA) reported that its second-quarter income from continuing operations decreased to $181.42 million or $0.68 per share, from $283.36 million or $1.18 per share, a year ago. Adjusted income from continuing operations attributable to DaVita was $205.7 million or $0.95 per share, for the quarter.

On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $0.89 for the quarter. Analysts' estimates typically exclude special items.

Total net revenues increased to $3.17 billion from $2.87 billion, a year ago. Analysts expected revenue of $3.10 billion for the quarter.

The company updated its consolidated operating income guidance for 2014 to now be in the range of $1.755 billion to $1.840 billion. The company's previous consolidated operating income guidance for 2014 was in the range of $1.725 billion to $1.840 billion.