Why DaVita Inc Stock Is Plummeting Today
Shares of DaVita Inc (NYSE: DVA) are trading lower on Friday. The company's stock lost 11.1% as of market close but lost as much as 15.2% earlier in the day. The drop comes as the S&P 500 lost 0.1%, and the Nasdaq composite was up 0.4%.DaVita, a large operator of kidney dialysis clinics, reported fourth-quarter and year-end numbers on Thursday that, though mostly positive, fell short of expectations in a key area.The healthcare company's Q4 2024 earnings report showed mostly positive numbers, delivering earnings per share (EPS) of $2.24, beating analyst estimates of $2.13, on sales of $3.3 billion, again surpassing Wall Street's targets.Continue reading
Shares of DaVita Inc (NYSE: DVA) are trading lower on Friday. The company's stock lost 11.1% as of market close but lost as much as 15.2% earlier in the day. The drop comes as the S&P 500 lost 0.1%, and the Nasdaq composite was up 0.4%.
DaVita, a large operator of kidney dialysis clinics, reported fourth-quarter and year-end numbers on Thursday that, though mostly positive, fell short of expectations in a key area.
The healthcare company's Q4 2024 earnings report showed mostly positive numbers, delivering earnings per share (EPS) of $2.24, beating analyst estimates of $2.13, on sales of $3.3 billion, again surpassing Wall Street's targets.
