Universal Health Services IncRevenue beat expectations by 2.4%, best performer among hospital chains tracked.
Universal Health Services reported first-quarter revenues of $4.50 billion, up 9.6% year on year and exceeding analyst expectations by 2.4%, making it the best performer among the four hospital chains tracked. The group overall posted mixed results, with aggregate revenues beating consensus estimates by 0.7% but next-quarter revenue guidance coming in 2.7% below expectations. Tenet Healthcare's revenue of $5.37 billion met estimates, while Acadia Healthcare's $828.8 million exceeded by 0.6% and HCA Healthcare's $19.11 billion matched expectations. Despite the beats, share prices across the group have fallen an average of 9% since reporting, with Universal Health Services down 18.7% and HCA Healthcare down 17.5%.
Universal Health Services IncRevenue beat expectations by 2.4%, best performer among hospital chains tracked.
Acadia Healthcare Company IncRevenue beat expectations but sector shares fell post-reporting; no specific impact on Acadia.
Tenet Healthcare CorporationRevenue met estimates but sector shares fell; no specific impact on Tenet.
HCA Healthcare, Inc.Revenue matched estimates but shares fell 17.5% since reporting; guidance miss for sector.