DVA - Why did DaVita stock plunge today? Quarterly misses and lowered full-year outlook
- Shares of DaVita HealthCare Partners ( NYSE: DVA ) closed Friday down ~27% after Q3 2022 financial results missed on the top and bottom lines and it reduced its 2022 outlook.
- DaVita ( DVA ) was hit in the quarter by lower volume due to COVID-19 and increases in labor expenses.
- As a result, the dialysis center operator lowered its full-year adjusted operating income and adjusted diluted net income range projections to below consensus estimates.
- Seeking Alpha's Quant Rating views DaVita ( DVA ) as a hold with strong marks for profitability and momentum .
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Why did DaVita stock plunge today? Quarterly misses and lowered full-year outlook