Pediatrix Medical Group Reports Q4 Earnings Beat
SUNRISE, Fla. -- Pediatrix Medical Group, Inc. (MD) announced a fourth-quarter profit of $30.5 million on Thursday.
The Sunrise, Florida-based company recorded net income of 36 cents per share. Adjusted for one-time events, earnings reached 51 cents per share, exceeding Wall Street expectations.
Six analysts surveyed by Zacks Investment Research had predicted earnings of 37 cents per share.
Pediatrix Medical Group's revenue for the quarter totaled $502.4 million, also surpassing analyst estimates. Six Zacks analysts had anticipated revenue of $485.7 million.
For the full year, the company reported a loss of $99.1 million, equivalent to $1.19 per share. Annual revenue amounted to $2.01 billion.