SUNRISE, Fla. (AP) _ Mednax Inc. (MD) on Thursday reported a loss of $672.4 million in its second quarter.
The Sunrise, Florida-based company said it had a loss of $8.03 per share. Earnings, adjusted to account for discontinued operations and non-recurring costs, came to 32 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.
The physician group posted revenue of $509.2 million in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $590.9 million.
Mednax shares have fallen 27% since the beginning of the year. The stock has fallen 16% 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 MD at https://www.zacks.com/ap/MD
Automated Insights, source Associated Press News