HCA: 2Q Earnings Snapshot
NASHVILLE, Tenn. (AP) _ HCA Holdings Inc. (HCA) on Tuesday reported second-quarter net income of $783 million.
The Nashville, Tennessee-based company said it had profit of $2.25 per share. Earnings, adjusted for non-recurring gains, came to $2.21 per share.
The results fell short of Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.49 per share.
The hospital operator posted revenue of $12.6 billion in the period, also missing Street forecasts. Ten analysts surveyed by Zacks expected $12.62 billion.
HCA shares have climbed 17% since the beginning of the year. The stock has increased 18% in the last 12 months.