MEDNAX Q2 Earnings Rise - Quick Facts

(RTTNews) - MEDNAX, Inc. (MD), a medical group specializing in neonatal, anesthesia, maternal-fetal, pediatric cardiology, and other pediatric physician services, Thursday said second-quarter net income attributable to the company climbed to $79.02 million from $69.22 million in the previous year.

Earnings per share grew to $0.79 per share from $0.68 in the prior-year period. On average, 15 analysts polled by Thomson Reuters expected earnings of $0.78 per share for the quarter. Analysts' estimates typically exclude special items.

Net patient service grew to $595.5 million from $529.18 million. Analysts expected revenues of $602.90 million.

For the third quarter, MEDNAX expects earnings will be in a range of $0.82 to $0.86 per share, while analysts have a consensus estimate of $0.86 per share.

Included in the outlook is $0.05 per share from Medicaid parity, reflecting the impacts from incentive compensation and income taxes.