LifePoint hits high on EPS beat

Investor's Business Daily

Shares rose 6% to a high of 56.87 as LifePoint Hospitals (LPNT) reported EPS of 78 cents, down a penny from Q1 '13 but beating views by 13 cents. Revenue grew 8.2% to $1 bil, narrowly beating views, despite a decrease in hospital admissions. Meanwhile, Universal Health Services (UHS) reported late Thu. that it earned $1.36 a share in Q1, 13 cents over views and 11.5% above a year earlier, amid growth in acute-care hospitals. Revenue was up 4.6% to $1.9 bil, just missing estimates.

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