HCA Healthcare 1Q Profit Rises On Increase in Revenue, Lower Costs
By Allison Prang
HCA Healthcare Inc. reported a spike in profit in the first
quarter as revenue rose and the company's expenses slipped.
Earnings per share were $4.14, up from $1.69 in the comparable
quarter a year ago. Profit attributable to the company was $1.42
billion, more than double the profit of $581 million a year
earlier, when results were hit by losses on retirement of debt. The
earnings beat analysts' consensus.
Revenue at the company rose 8.7% to $13.98 billion. Analysts
were expecting $13.63 billion, according to FactSet.
Expenses at the company slipped slightly to just over $12
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(END) Dow Jones Newswires
April 22, 2021 08:21 ET (12:21 GMT)
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