RadNet (RDNT) Misses Q3 EPS by 6c, Revenues Beat; Offers FY18 Revenue Mid-Point Guidance Below Consensus

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Go back to RadNet (RDNT) Misses Q3 EPS by 6c, Revenues Beat; Offers FY18 Revenue Mid-Point Guidance Below Consensus

RadNet Reports Third Quarter Financial Results and Reaffirms Previously Announced 2018 Guidance Levels

November 9, 2018 6:00 AM EST

Total Net Revenue (Revenue) increased 6.4% to $242.1 million in the third quarter of 2018 from $227.6 million in the third quarter of 2017Adjusted EBITDA(1) increased 5.5% to $38.1 million in the third quarter of 2018 from $36.1 million in the third quarter of 2017  Earnings Per Share is $0.10 per share in the third quarter of 2018 as compared with  $0.07 from the third quarter of 2017Aggregate procedural volumes increased 3.5%; same center procedural volumes increased 0.8%Subsequent to the end of the quarter, RadNet acquired Medical Arts Imaging in Long Island, NY and commenced operations of the EmblemHealth capitation contract... More