DaVita (DVA) Tops Q3 EPS by 2c
DaVita (NYSE: DVA) reported Q3 EPS of $0.95, $0.02 better than the analyst estimate of $0.93. Revenue for the quarter came in at $3.73 billion versus the consensus estimate of $3.72 billion.
The following forward-looking measures and the underlying assumptions involve significant risks and uncertainties, including those described below, and actual results may vary significantly from these current forward-looking measures. We do not provide guidance for consolidated operating income, Kidney Care operating income or DMG operating income on a GAAP basis nor a reconciliation of those forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures on a forward-looking basis because we are unable to predict certain items contained in the GAAP measures without unreasonable efforts. These non-GAAP financial measures do not include certain items, including goodwill impairment charges, the gain on the sale of a portion of our Tandigm ownership interest, the loss on the sale of our DMG Arizona business, the estimated accrual associated with the DMG Nevada hospice business, an adjustment related to the reduction in a receivable associated with the DMG acquisition escrow provision relating to an income tax item and a gain on the APAC JV ownership changes.
We are updating our adjusted consolidated operating income guidance for 2016 to be in the range of $1.810 billion to $1.870 billion.
Our previous adjusted consolidated operating income guidance for 2016 was in the range of $1.785 billion to $1.875 billion.
We are updating our adjusted operating income guidance for Kidney Care for 2016 to be in the range of $1.695 billion to $1.725 billion.
Our previous operating income guidance for Kidney Care for 2016 was in the range of $1.675 billion to $1.725 billion.
We are updating our adjusted operating income guidance for DMG for 2016 to be in the range of $115 million to $145 million.
Our previous adjusted operating income guidance for DMG for 2016 was in the range of $110 million to $150 million.
We are updating our consolidated operating cash flow for 2016 to be in the range of $1.750 billion to $1.850 billion.Our previous consolidated operating cash flow for 2016 was in the range of $1.600 billion to $1.750 billion.
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