HCA Healthcare Stock Price Hits All-Time High as Earnings Top Estimates

HCA Healthcare (HCA) shares jumped to an all-time precocious Tuesday aft nan health-care services supplier posted better-than-expected net and boosted its guidance, arsenic nan institution reported bringing successful much patients.

The institution posted second-quarter adjusted net per stock (EPS) of $5.53, good supra nan mean of $4.86 estimated by analysts surveyed by Visible Alpha. Revenue was up 10.3% to $17.49 billion, besides higher than expected. 

Company Boosts Full-Year Guidance

Same-facility admissions roseate 5.8% year-on-year, HCA Healthcare said. Same-facility emergency room visits roseate by 5.5%, and same-facility inpatient surgeries accrued 2.6%. However, same-facility outpatient surgeries declined 2.1%.

The institution boosted its full-year adjusted EPS outlook to a scope of $21.60 to $22.80, up from $19.70 to $21.20. It sees nan year's gross astatine $69.75 cardinal to $71.75 billion, up from $67.75 cardinal to $70.25 billion.

Shares of HCA Healthcare were up 4.2% astatine 338.95 successful precocious trading, aft hitting an all-time intraday precocious of $348.00 early successful nan session. The stock's grounds closing precocious of $343.29 was recorded successful precocious June.