Fresenius Posts Healthy 3Q Net Profit, but Misses Forecasts
November 02 2017 - 3:31AM
Dow Jones News
By Sonia Amaral Rohter
Fresenius SE (FRE.XE) said Thursday that its third-quarter net
profit increased 3.7% after a solid performance across all of its
business segments.
The German health-care company reported quarterly net profit of
396 million euros ($460.5 million) for the three months ended Sept.
30, compared with EUR382 million the previous year. Revenue was up
12% at EUR8.3 billion.
According to FactSet's consensus forecast, Fresenius had been
expected to report net profit of EUR416 million and revenue of
EUR8.31 billion.
Fresenius Medical Care AG (FME.XE)--a provider of dialysis
products and services which is owned by Fresenius--also reported
third-quarter results, with net profit growing to EUR309 million
from EUR304 million and revenue rising 3% to EUR4.34 billion.
FactSet's consensus forecast for Fresenius Medical Care had net
profit at EUR296 million and revenue at EUR4.43 billion.
Both companies have confirmed their 2017 outlook.
Write to Sonia Amaral Rohter at
sonia.amaralrohter@dowjones.com
(END) Dow Jones Newswires
November 02, 2017 03:16 ET (07:16 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Fresenius Medical Care (NYSE:FMS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Fresenius Medical Care (NYSE:FMS)
Historical Stock Chart
From Apr 2023 to Apr 2024
