HCA Healthcare Inc (HCA) shares jumped 5.42% in pre-market trading on Friday following the release of its second-quarter earnings report and an upward revision of its full-year guidance. The healthcare services provider demonstrated resilience and growth in a challenging economic environment, surpassing analyst expectations.
The company reported impressive second-quarter results, with earnings per share reaching $6.32, up from $5.5 in the same period last year. This performance exceeded the average analyst estimate of $5.5 per share. Additionally, HCA Healthcare's quarterly revenue climbed to $18.5 billion, compared to $17.49 billion in the previous year, beating market projections.
In a move that further bolstered investor confidence, HCA Healthcare raised its full-year outlook. The company now expects fiscal year revenue in the range of $74 billion to $76 billion, signaling strong growth prospects. Furthermore, HCA projected full-year earnings per share between $25.5 and $27, indicating robust profitability expectations. These revised figures suggest that HCA Healthcare anticipates continued strength in patient volumes and operational efficiency throughout the remainder of the year.