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HCA Healthcare blows past earnings estimates as it books gain on sale of facilities, offers upbeat guidance

·1 min read
HCA Healthcare blows past earnings estimates as it books gain on sale of facilities, offers upbeat guidance
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HCA Healthcare Inc. blew past earnings estimates for the third quarter on Friday, and offered guidance that was above consensus as the coronavirus pandemic caused a surge in demand for hospital care. The Nashville, Tenn.-based hospital operator said it had net income of $2.269 billion, or $7.00 per share, compared to $668 million, or $1.95 per diluted share, in the year -earlier period. Revenue rose to $15.276 billion from $13.311 billion. The FactSet consensus was for EPS of $4.06 on revenue of