HCA Holdings 3Q income and admissions edge higher

HCA 3rd-quarter income and admissions rise; company sees EBITDA at high end of forecast

Associated Press

NEW YORK (AP) -- NEWS: Hospital operator HCA Holdings said Tuesday its third-quarter net income rose 1 percent as admissions picked up.

DETAILS: HCA Holdings Inc. said adjusted admissions at hospitals open at least a year grew 1.1 percent. Equivalent admissions rose about 1 percent to 711,800 and emergency room visits edged up to 1.7 million.

The company runs 162 hospitals and 114 surgery centers.

NUMBERS: HCA said its net income rose to $365 million, or 79 cents per share, from $360 million, or 78 cents per share. Revenue grew 5 percent, to $8.46 billion from $8.06 billion.

Analysts expected net income of 74 cents per share and $8.4 billion in revenue, according to FactSet.

FUTURE: The Nashville, Tenn., company said 2013 adjusted earnings before interest, taxes, depreciation and amortization will be at the high end of its forecast range of $6.25 billion to $6.5 billion.

STOCK: Shares of HCA fell $1.16, or 2.4 percent, to $46.58 in morning trading.

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