HCA Healthcare 1Q Revenue Tops Estimates
By Denny Jacob
HCA Healthcare posted better-than-expected revenue in its latest quarter, boosted in part by higher trips to emergency rooms and surgeries.
The hospital owner logged net income of $1.59 billion, or $5.93 a share, for the first quarter, up from $1.36 billion, or $4.85 a share, a year earlier. Adjusted earnings were $5.36 a share, above analysts' estimates of $5.06 a share.
Revenue rose to $17.34 billion from $15.59 billion. Analysts polled by FactSet expected $16.81 billion.
"The strong fundamentals we saw in our business this past year continued into the first quarter of 2024," said Chief Executive Sam Hazen.
Metrics related to facility admissions, emergency rooms visits and facility inpatient surgeries all increased from the prior-year period.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
April 26, 2024 08:03 ET (12:03 GMT)
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