HCA Holdings expects higher 2Q net income, revenue

HCA Holdings projects increases in 2nd-qtr net income and revenue, shares rise

Associated Press

NASHVILLE, Tenn. (AP) -- HCA Holdings expects profit and revenue in the second quarter to exceed last year's levels as its hospitals take in more admissions and book more revenue per patient.

The strong outlook sent shares up nearly 4 percent in early trading Tuesday.

The company projected earnings of 91 cents per share and revenue of about $8.45 billion, compared with last 2012's 85 cents per share and $8.11 billion in revenue.

HCA said equivalent admissions at facilities open at least a year increased 1.1 percent, while revenue per equivalent admission at facilities open at least a year is expected to increase about 2.9 percent.

Shares of HCA Holdings Inc., based in Nashville, Tenn., rose $1.39 to $38.60 in early trading.

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