On August 5, DaVita HealthCare Partners declined 17.34% in regular trading, trading at $187.945/share, with turnover of $293 million.
On the news front, the company reported Q2 adjusted EPS of $4.02, beating the consensus estimate of $3.88 by 3.61%, with revenue of $3.554 billion also exceeding the $3.496 billion estimate. However, DaVita maintained its full-year adjusted EPS guidance of $14.10 to $15.20, with the midpoint of $14.65 falling below the Street consensus of $14.88. Following consecutive significant beats in Q1 and Q2, the market had strongly anticipated a guidance raise; the unchanged outlook was interpreted as signaling decelerating earnings growth in the second half.
Adding to the pressure, SEC filings revealed Berkshire Hathaway recently sold 183,000 shares at an average price of $199.55, while still retaining approximately 28.7 million shares. Bank of America adjusted its price target to $170, well below the current trading level. The convergence of multiple bearish catalysts intensified selling pressure throughout the session.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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