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.
Keywords: HCA Holdings, Earnings Report