HCA Healthcare's Shares Rise on Bullish 2020 Guidance

Date : 01/28/2020 @ 2:46PM
Source : Dow Jones News
Stock : HCA Healthcare Inc (HCA)
Quote : 127.36  -1.01 (-0.79%) @ 1:00AM
After Hours
Last Trade
Last $ 127.36 ◊ 0.00 (0.00%)

HCA Healthcare's Shares Rise on Bullish 2020 Guidance

HCA Healthcare (NYSE:HCA)
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1 Month : From Jan 2020 to Feb 2020

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By Amber Burton

Shares of HCA Healthcare Inc. (HCA) rose 4.17% in premarket trading as the high end of the company's guidance exceeded analysts' expectations for 2020.

The healthcare company said it expects 2020 revenue of $53.5 billion to $55.5 billion. It also is expecting earnings of $11.30 to $12.10 a share.

Analysts polled by FactSet were expecting earnings of $11.67 a share on revenue of $54.04 billion.

The company also guided for adjusted earnings before interest, tax, depreciation and amortization of $10.25 billion to $10.65 billion and capital expenditures of $4 billion to $4.2 billion.

On Tuesday, HCA reported earnings per share of $3.09 on revenue of $13.52 billion, both meeting expectations.

Shares are up 7.5% over the last 12 months.

Write to Amber Burton at amber.burton@wsj.com


(END) Dow Jones Newswires

January 28, 2020 09:31 ET (14:31 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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