HCA Healthcare, Inc. (HCA) shares are rising on Tuesday morning trade after the company reported an increase in second-quarter net profit and raised its guidance for the full year.
Second-quarter net profit increased to $1.66 billion from $1.22 billion in the prior year. On a per-share basis, earnings were $4.36, up from $3.16 in the previous year.
Revenue for the quarter was $14.44 billion, up from $11.07 billion last year.
Wall Street analysts were looking for earnings of $3.64 on revenue of $13.61 billion.
For the full year, the company revised its earnings per share projection to a range of $16.30-$17.10 and revenue guidance to a range of $57 to $58 billion.
Earlier, the company expected earnings in a range of $13.30 to $14.30 per share on revenues between $54.0 billion and $55.5 billion.
Currently, shares are at $241.36, up 10.90 percent from the previous close of $217.63.
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