tiprankstipranks
HCA Healthcare Delivers Mixed Results in Q3
Market News

HCA Healthcare Delivers Mixed Results in Q3

HCA Healthcare (NYSE: HCA), the for-profit operator of hospitals and healthcare facilities announced its Q3 earnings today. The company reported revenues of $14.9 billion, down by 2% year-over-year and missing Street estimates by $30 million.

Adjusted earnings came in at $3.93 per share, beating consensus estimates of $3.88 per share.

HCA reported an adjusted EBITDA of $2.9 billion in Q3 , a fall of 9.9% year-over-year while same facility admissions dropped 1.5% year-over-year.

The company stated in its Q3 press release that its results ” include Hurricane Ian’s impact, primarily on our Florida facilities, causing additional expenses and lost revenues estimated at $35 million. This amount is prior to any potential insurance recoveries.”

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
RUT
Russell 2000
TNX
10-Yr-Bond
Bitcoin

Popular Articles