HCA: Q2 Earnings Snapshot

HCA Healthcare July 23, 2024

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Source: Washington Post
Author: Associated Press
July 23, 2024

NASHVILLE, Tenn. — NASHVILLE, Tenn. — HCA Healthcare Inc. (HCA) on Tuesday reported second-quarter net income of $1.46 billion.

The Nashville, Tennessee-based company said it had net income of $5.53 per share. Earnings, adjusted for non-recurring gains, were $5.50 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $4.97 per share.

The hospital operator posted revenue of $17.49 billion in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $17.11 billion.

HCA expects full-year earnings to be $21.60 to $22.80 per share, with revenue in the range of $69.75 billion to $71.75 billion.