HCA Holdings tops 2Q earnings and revenue expectations

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NASHVILLE, Tennessee — HCA Holdings Inc. (HCA) on Wednesday reported second-quarter profit of $507 million.

On a per-share basis, the Nashville, Tennessee-based company said it had net income of $1.18. Earnings, adjusted to extinguish debt and for non-recurring costs, came to $1.37 per share.

The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.

The hospital operator posted revenue of $9.9 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $9.83 billion.

HCA expects full-year earnings in the range of $4.90 to $5.30 per share, with revenue in the range of $39 billion to $40 billion.

HCA shares have climbed 28 percent since the beginning of the year. The stock has risen 43 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on HCA at http://www.zacks.com/ap/HCA


Keywords: HCA Holdings, Earnings Report

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