May 12 (Reuters) - DaVita ( DVA ) beat Wall Street
estimates for first-quarter profit on Monday, driven by steady
demand for its kidney dialysis services.
The company provides these services for patients with
chronic kidney failure through a network of outpatient clinics
and at-home dialysis services across the United States.
DaVita ( DVA ), which had been grappling with rising patient care
and operating costs, has also experienced disruptions from
hurricanes and a recent ransomware attack, which affected some
of its operations.
In its quarterly filing, the company said that some of its
data was exfiltrated during the cybersecurity incident and it is
currently verifying the extent and nature of the affected files,
which include patients' personal and medical data.
On an adjusted basis, DaVita ( DVA ) reported a first-quarter profit
of $2 per share, above analysts' estimates of $1.95 per share,
according to data compiled by LSEG.
DaVita ( DVA ) also reported a decline in health benefit expenses,
center closure costs, insurance costs, and other direct
operating expenses related to its dialysis centers.
For the quarter ended March 31, revenue rose by 5% to $3.22
billion, compared to analysts' estimates of $3.21 billion.
The Denver, Colorado-based company reaffirmed its
expectation for an adjusted per-share profit between $10.20 and
$11.30 in 2025.