UHS

Shares of Universal Health Services, Inc. (UHS) declined 12.1% in Monday’s extended trade after the company reported mixed results for the first quarter of 2022. The healthcare management company owns and operates acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers and radiation oncology centers. Adjusted earnings of $2.15 per share declined 11.9% year-over-year and lagged the Street’s estimate of $2.46 per share. Meanwhile, revenues jumped 9.3% to $3.29 billion and surpassed analysts’ expectations of $3.21 billion. Adjusted admissions and patient days at the company’s acute care hospitals increased 5.7% and 5.5%, respectively, as compared to the first quarter of 2021.
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