Vanguard Health Systems Q4 Profit Declines - Quick Facts

(RTTNews) - Vanguard Health Systems Inc. (VHS) reported fourth quarter net income attributable to Vanguard Health Systems, Inc. stockholders of $14.5 million or $0.18 per share, compared to $19.3 million or $0.24 per share in the prior year.

The prior year period was positively impacted by a lower than expected 9 percent effective income tax rate resulting from changes to state laws in Michigan and adjustments to state deferred tax asset valuation allowances on loss carryforwards in other states..

On average, 11 analysts polled by Thomson Reuters expected the company to earn $0.18 per share for the quarter. Analysts' estimates typically exclude special items.

Consolidated total revenues grew 4.3 percent to $1.52 billion from $1.45 billion in the previous year. Patient service revenues, net was $1.33 billion, higher than the $1.29 billion a year earlier. Analysts expected revenues of $1.51 billion.