HCA Healthcare exceeds earnings expectations, stock price reaches all-time high.

From Forbes: 2024-07-23 15:49:43

HCA Healthcare exceeded sales and profit forecasts for the second quarter, with more patients using its facilities. Admissions, ER visits, and inpatient surgeries increased, while outpatient surgeries fell. The company raised its full-year adjusted earnings per share and revenue guidance. HCA shares reached a record high in early trading.

HCA Healthcare reported second-quarter adjusted earnings per share of $5.53, beating analyst estimates of $4.86. Revenue also surpassed expectations, rising 10.3% to $17.49 billion.

Same-facility admissions, ER visits, and inpatient surgeries saw a year-on-year increase for HCA Healthcare. However, same-facility outpatient surgeries declined. The company raised its full-year adjusted EPS outlook and revenue guidance.

HCA Healthcare’s stock soared to an all-time high, rising 4.2% in late trading to $338.95. Earlier in the day, shares hit an intraday high of $348.00, surpassing the previous record closing high of $343.29 set in late June.



Read more at Forbes: HCA Healthcare Stock Price Hits All-Time High as Earnings Top Estimates