BUZZ-Surgery Partners rise after Q1 results

Reuters
05-12
BUZZ-Surgery Partners rise after Q1 results

** Shares of surgical factory operator Surgery Partners SGRY.O rise 3.8% to $23 after Q1 results

** Co's Q1 revenue rises 8.2% to $776 mln from a year-ago

** Adj. EBITDA up 6.6% to $103.9 mln

** CFO Dave Doherty says Q1 results increase confidence to reaffirm FY guidance, amid uncertainty

** Nine out of 12 analysts rate stock "buy" or higher, three "hold"; Median PT is $33 - LSEG

** With session moves, SGRY up 9.4% YTD vs a 3.9% decline in the Nasdaq .IXIC

(Reporting by Twesha Dikshit)

((Twesha.Dikshit@thomsonreuters.com))

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