HCA Preliminary Profit Tops Estimates as Admissions Rise
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HCA Holdings Inc., the largest for-profit U.S. hospital chain, released preliminary third-quarter earnings that beat analysts’ estimates on an increase in patient admissions. The shares gained in late trading.
Profit rose to 79 cents a share from 78 cents a year earlier, the Nashville, Tennessee-based company said today in a statement. Revenue jumped 4.9 percent to $8.46 billion as same facility admissions increased 0.7 percent. The average of analysts’ estimates compiled by Bloomberg was for third-quarter profit of 71 cents a share and sales of $8.37 billion.