HCA Healthcare shares rise 3% after Q2 beats
HCA Healthcare Inc. shares surged nearly 3% in Wednesday premarket trade after the company reported second-quarter profit and revenue beats and upbeat 2018 guidance. Earnings for the latest quarter rose to $820 million, or $2.31 per share, from $657 million, or $1.75 per share in the year-earlier period. The company said that second-quarter results included 2 cents per share on facilities sales and a tax benefit of 34 cents per share connected to the new U.S. tax law. The FactSet adjusted earnings-per-share consensus was $2.16. Revenue rose to $11.53 billion from $1.073 billion, compared with the FactSet consensus of $11.34 billion. The company now expects 2018 revenue of $45.5 billion to $46.5 billion, compared with previous guidance of $45 billion to $46 billion. The FactSet 2018 revenue consensus was $45.82 billion. HCA Healthcare also now expects 2018 EPS of $9 per share to $9.40 per share, up from a previous guidance range of $8.50 to $9 and the FactSet consensus of $9.38. HCA Healthcare shares have surged 9.9% over the last three months, compared with a 6.9% rise in the S&P 500 and a 4.8% rise in the Dow Jones Industrial Average .