BRENTWOOD, Tenn. (AP) — BRENTWOOD, Tenn. (AP) — Surgery Partners Inc. (SGRY) on Tuesday reported a loss of $12.4 million in its first quarter.
The Brentwood, Tennessee-based company said it had a loss of 10 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and stock option expense, came to 10 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The surgical facilities operator posted revenue of $717.4 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $707.7 million.
Surgery Partners expects full-year revenue of $3.05 billion.
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