FRANKFURT May 6 Fresenius Medical Care
, the world's largest dialysis provider, on Tuesday
posted a worse-than-expected drop in quarterly earnings, hit by
cuts to U.S. healthcare budgets.
First-quarter net income declined 9 percent to $205 million,
less than the $225 million average analyst expection in a
The company added it still expected 2014 net profit coming
in between $1 billion and $1.05 billion this year, compared with
$1.11 billion last year.
It reiterated its outlook for revenues to rise to around
$15.2 billion in 2014.
(Reporting by Ludwig Burger)