HCA: 4Q Earnings Snapshot
NASHVILLE, Tenn. (AP) _ HCA Holdings Inc. (HCA) on Tuesday reported fourth-quarter net income of $1.06 billion.
The Nashville, Tennessee-based company said it had profit of $3.01 per share. Earnings, adjusted for non-recurring gains, were $2.99 per share.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.59 per share.
The hospital operator posted revenue of $12.27 billion in the period, which also topped Street forecasts. Ten analysts surveyed by Zacks expected $12.16 billion.
For the year, the company reported profit of $3.79 billion, or $10.66 per share. Revenue was reported as $46.68 billion.
HCA expects full-year earnings to be $9.60 to $10.20 per share, with revenue in the range of $50.5 billion to $51.5 billion.
HCA shares have risen nearly 6 percent since the beginning of the year. The stock has climbed 36 percent in the last 12 months.