Envision Healthcare
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Envision Healthcare : misses 3Q profit forecasts

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10/31/2017 | 09:33 pm

NASHVILLE, Tenn. (AP) _ Envision Healthcare Corporation (EVHC) on Tuesday reported third-quarter net income of $28.3 million.

The Nashville, Tennessee-based company said it had net income of 23 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, were 73 cents per share.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.

The ambulatory surgery center operator posted revenue of $1.99 billion in the period, which met Street forecasts.

For the current quarter ending in December, Envision Healthcare expects its per-share earnings to range from 44 cents to 54 cents.

The company said it expects revenue in the range of $1.88 billion to $2.02 billion for the fiscal fourth quarter.

Envision Healthcare shares have declined 33 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $42.60, a decrease of 29 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EVHC at https://www.zacks.com/ap/EVHC

Automated Insights, source Associated Press News

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