HCA Healthcare Shares Surge 4% on Q1 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/HCA'>HCA Healthcare (NYSE:HCA)</a> shares gained nearly 4% on Friday after the company reported its Q1 earnings, with EPS of $4.85 coming in better than the Street estimate of $3.93. Revenues were $15.59 billion, beating the Street estimate of $15.27 billion.</p>
<p>The company discussed improvements to labor trends with contract labor falling and hiring increasing. The improvements to capacity are continuing to help the top-line and admission trends, with adjusted admissions being up 7.5% and non-COVID MC admissions up 11%.</p>
<p>For the full 2023 year, the company expects EPS in the range of $17.25-$18.55, compared to the Street estimate of $17.25. Full-year revenue is seen at $62.5-$64.5 billion, compared to the Street estimate of $62.6 billion.</p>

NYSE:HCA