- Associated Press - Wednesday, March 13, 2019

BRENTWOOD, Tenn. (AP) _ Surgery Partners Inc. (SGRY) on Wednesday reported a loss of $147.7 million in its fourth quarter.

On a per-share basis, the Brentwood, Tennessee-based company said it had a loss of $3.25. Losses, adjusted for asset impairment costs and non-recurring costs, came to 74 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.

The surgical facilities operator posted revenue of $491.2 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $478.9 million.

For the year, the company reported that its loss widened to $205.7 million, or $4.96 per share. Revenue was reported as $1.77 billion.

Surgery Partners shares have climbed 28 percent since the beginning of the year. The stock has fallen 27 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 SGRY at https://www.zacks.com/ap/SGRY

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