Fresenius Announces 3Q Results and Lowers Full-Year Guidance; No Change To FVE
Fresenius Medical Care announced third quarter results that were marginally below our forecasts and reduced full-year guidance, which now places expected revenue and net income for fiscal 2018 more squarely in line with our full-year estimates. We'd been marginally below management's prior outlook in our projections, primarily due to our view that 5%-7% consolidated revenue growth was more a best-case, rather than a base-case, expectation. While management's projections for the year are now some...RegistrarFresenius Medical Care is a kidney dialysis company, operating in both the field of dialysis services and the field of dialysis products for the treatment of end-stage renal disease (ESRD). Co.'s dialysis business is vertically integrated, providing dialysis treatment at dialysis clinics it owns or operates and supplying these clinics with a range of products. In addition, Co. sells dialysis products to other dialysis service providers. In the U.S.A., Co. also provides inpatient dialysis services and other services under contract to hospitals. Co. provides patient services, including renal pharmaceutical products and in the U.S.A., laboratory services.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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