DaVita Inc. Q1 Profit Decreases, but beats estimates

(RTTNews) - DaVita Inc. (DVA) revealed a profit for first quarter that decreased from last year but beat the Street estimates.

The company's bottom line totaled $116 million, or $1.25 per share. This compares with $162 million, or $1.61 per share, in last year's first quarter.

Excluding items, DaVita Inc. reported adjusted earnings of $146 million or $1.58 per share for the period.

Analysts on average had expected the company to earn $1.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.8% to $2.87 billion from $2.82 billion last year.

DaVita Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $116 Mln. vs. $162 Mln. last year. -EPS (Q1): $1.25 vs. $1.61 last year. -Analyst Estimates: $1.14 -Revenue (Q1): $2.87 Bln vs. $2.82 Bln last year.