News Formal

Hospital Owner HCA Tumbles on Earnings Miss. Costs Were the Issue.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

The report came on what was otherwise a bright morning for the healthcare sector, which has been significantly beaten down this year.

Shares of HCA Healthcare dropped 6.9% Tuesday morning as costs offset unexpectedly strong revenue, leaving earnings lower than expected.

For HCA , things were gloomier. The company’s earnings came in below expectations, even as revenue was higher than expected, because of what appeared to be higher-than-expected doctor expenses. The company reported earnings of $3.91 per diluted share, below the consensus call for $3.98, and down from the $3.93 the hospital chain reported last year.

HCA cut its full-year guidance, saying it now expects diluted earnings of $17.80 to $18.50 per share, down from its prior estimate for $17.70 to $18.90. The company cut its forecast for adjusted Ebitda to between $12.3 billion and $12.6 billion, from $12.3 billion to $12.8 billion.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

FMC Stock Tumbles on Revenue Warning Ahead of EarningsThe crop protection company cited lower sales in Latin America as a reason for lowering estimates.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »