HCA Healthcare reports Q1 sales, profit beats
HCA Healthcare Inc. reported first-quarter sales and profit beats early Tuesday. Earnings for the latest quarter rose to $1.28 billion, or $3.18 per share, from $777 million, or $1.74 per share in the year-earlier period. The latest results include $405 million in gains on facilities sales and a tax benefit of $92 million from employee equity award settlements. Adjusted earnings-per-share were $2.33, compared with the FactSet consensus of $2.08. Revenue rose to $11.42 billion from $10.62 billion, compared with the FactSet consensus of $11.30 billion. HCA Healthcare shares were not active in Tuesday premarket trade. Shares have declined 6.4% over the last three months, compared with a 6.2% drop in the S&P 500 and a 7.7% drop in the Dow Jones Industrial Average .