RadNet: Q3 Earnings Snapshot

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LOS ANGELES (AP) — LOS ANGELES (AP) — RadNet Inc. (RDNT) on Wednesday reported third-quarter profit of $17.5 million.

On a per-share basis, the Los Angeles-based company said it had profit of 25 cents. Earnings, adjusted for non-recurring gains, came to 14 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The operator of medical diagnostic imaging centers posted revenue of $402 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $391.2 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RDNT at https://www.zacks.com/ap/RDNT