LOS ANGELES (AP) — RadNet Inc. (RDNT) on Thursday reported fourth-quarter net income of $29.1 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Los Angeles-based company said it had profit of 59 cents.
The operator of medical diagnostic imaging centers posted revenue of $257.2 million in the period.
For the year, the company reported profit of $32.2 million, or 66 cents per share. Revenue was reported as $975.1 million.
RadNet expects full-year revenue in the range of $1.05 billion to $1.1 billion.
RadNet shares have increased 36 percent since the beginning of the year. The stock has climbed roughly 10 percent in the last 12 months.