Universal Health Services: 2Q Earnings Snapshot
KING OF PRUSSIA, Pa. (AP) _ Universal Health Services Inc. (UHS) on Thursday reported second-quarter net income of $238.3 million.
On a per-share basis, the King Of Prussia, Pennsylvania-based company said it had profit of $2.66. Earnings, adjusted for non-recurring costs, were $2.76 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.49 per share.
The hospital and health facility operator posted revenue of $2.86 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $2.81 billion.
Universal Health Services shares have climbed 18% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $137.11, a climb of 16% in the last 12 months.