Universal Health Services grew revenues 5.3% year over year but saw its earnings slow during this year’s third quarter, according to financial results shared by the acute and behavioral health chain Tuesday after market close.

The company reported net income of $308.7 million ($5.22 per diluted share), as opposed to last year’s $373 million ($5.86 per diluted share), while its net revenue grew 5.3% year over year to about $4.7 billion.

The consensus estimate for earnings and revenue, per a Zacks Investment Research consensus from last week, was $5.33 per diluted share and $4.7 billion, though more recent analyst consensus from investing.com outlined a $5.20 per share expectation.

Of note, the company’s shares closed Tuesday 4.6% below open as fellow for-profit chain HCA Healthcare’s tepid 2027 outlook diminished investor enthusiasm. Its share price fell further in Tuesday evening after-hours trading.

Compared to the forecast UHS shared at the year’s halfway mark, its operating performance included an extra $47 million pre-tax boost from states’ Medicaid supplemental payment programs, partially offset by $26 million the company spent to bolster its liability reserves after a tentative legal settlement reached during the quarter.

UHS’ latest numbers outlined a substantial volume uptick within its acute care business, but a drop in payments, compared to its performances during the first half of the year.

9% year-over-year growth. 2% growth) and overall same-facility acute care revenue.

Source link