Fresenius Medical Care Trades Lower After 2Q Results
30 Juli 2019 - 11:52AM
Dow Jones News
By Kim Richters
Shares in Fresenius Medical Care AG (FME.XE) fell on Tuesday,
after the health-care company reported a fall in second-quarter
profit.
The company, which is the dialysis division of Fresenius SE
& Co. KGaA (FRE.XE), reported second-quarter sales of 4.28
billion euros ($4.76 billion), compared with EUR3.96 billion the
previous year, and said its net income for the quarter was EUR279
million, down from EUR308 million.
The company's sales, net income and earnings before interest and
taxes were below expectations, analysts at UBS said.
At 0915 GMT, shares in Fresenius Medical Care traded 5.64% lower
at EUR63.60.
"Investors are likely to focus on the headline miss driven by
care coordination and international," UBS said.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
July 30, 2019 05:37 ET (09:37 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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