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2004 SEP 2 - (NewsRx.com & NewsRx.net) -- Pediatrix Medical Group, Inc., (NYSE:PDX) reported record quarterly results from operations for the 3 months ended June 30, 2004, and modified existing earnings guidance.
Pediatrix also announced that its board of directors has authorized the repurchase of an additional $50 million of the company's common stock.
Highlights for the 3 months ended June 30, 2004, include record:
- Earnings per share of 99 cents, up 21% from the comparable period of 2003;
- Revenue of $152.2 million, an increase of 14% over the prior-year period;
- Operating income of $40.4 million, up 25%; operating margin expanded by 230 basis points, to 26.5%; and
- Quarterly net income of $25.2 million, an increase of 27% over the prior-year period of 2003.