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VOL. 39 | NO. 43 | Friday, October 23, 2015
HCA misses Street 3Q forecasts
NASHVILLE (AP) - HCA Holdings Inc. (HCA) on Tuesday reported third-quarter profit of $449 million.
On a per-share basis, the Nashville, Tennessee-based company said it had net income of $1.05. Earnings, adjusted for non-recurring costs, were $1.17 per share.
The results fell short of Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The hospital operator posted revenue of $9.86 billion in the period, which also did not meet Street forecasts. Ten analysts surveyed by Zacks expected $9.87 billion.
HCA expects full-year earnings in the range of $5.20 to $5.25 per share.
HCA shares have fallen almost 6 percent since the beginning of the year. The stock has dropped 4 percent in the last 12 months.