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Universal Health Services: 3Q Earnings Snapshot

KING OF PRUSSIA, Pa. (AP) _ Universal Health Services Inc. (UHS) on Thursday reported third-quarter net income of $97.2 million.

On a per-share basis, the King Of Prussia, Pennsylvania-based company said it had profit of $1.10. Earnings, adjusted for non-recurring costs, came to $1.99 per share.

The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.26 per share.

The hospital and health facility operator posted revenue of $2.82 billion in the period, exceeding Street forecasts. Six analysts surveyed by Zacks expected $2.76 billion.

Universal Health Services expects full-year earnings in the range of $9.60 to $9.90 per share.

Universal Health Services shares have risen 24% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $144.70, a rise of 19% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UHS at https://www.zacks.com/ap/UHS