King of Prussia, Pennsylvania-based Universal Health Services, Inc. (UHS), Tuesday announced its second-quarter financial results, reporting a profit that increased from the same quarter a year ago, helped primarily by a favorable tax adjustment. Earnings for the quarter came in ahead of Street estimates, while revenues fell short of expectations. Universal Health also revised its full year forecast, lifting earnings outlook from its previous guidance and expected to come in ahead of current Street expecations.
Quarterly net income attributable to the company increased to $80.9 million or $1.64 per share from $54.2 million or $1.06 per share in the same quarter last year.
Income from continuing operations attributable to UHS for the second quarter also increased to $80.9 million or $1.64 per share from $55.2 million or $1.08 per share in the same quarter a year ago.
Adjusted income from continuing operations attributable to UHS during the second quarter was $71.1 million or $1.44 per share, up 33% from $55.2 million or $1.08 per share in comparable quarter a year ago.
Adjusted net income attributable to the company for the second quarter increased to $71.1 million or $1.44 per share from $54.2 million or $1.06 per share in the corresponding quarter last year.
On average, 17 analysts polled by Thomson Reuters expected the company to report earnings of $1.13 per share for the quarter. Analysts' estimates typically exclude special items such as one time charges or gains.
Quarterly results included a favorable tax adjustment of $14.1 million, or $.29 per share related to a reduction in professional and general liability self-insurance reserves relating to years prior to 2009 based on a reserve analysis.
Net revenues for the second quarter increased 3% to $1.30 billion from $1.26 billion in the second quarter last year, however, came in below the Street estimates of $1.31 billion.
Revenues from the behavioral health services segment for the second quarter increased 4.0% from the same quarter a year ago.
For the six-months period, reported net income attributable to UHS increased to $148.4 million or $3.01 per share from $115.9 million or $2.26 per share in the same quarter a year ago.
For the half-yearly period, adjusted net income attributable to UHS increased 24% to $138.6 million or $2.81 per share from $115.9 million or $2.26 per share in the same period last year.
Net revenues for the period increased 3% to $2.26 billion from $2.54 billion in the same quarter last year.
Looking forward to the fiscal year 2009, the company lifted its earnings from continuing operations forecast to a range of $4.40 per share to $4.55 per share from the previous forecast ranging from $4.00 per share to $4.15 per share. The Street currently anticipates earnings of $4.17 per share for the full year. The forecast excludes anticipated net favorable impact of $.20 per share.
UHS closed Tuesday's trading at $54.96, up $1.91 or 3.60%, on a volume of 1.126 million on the NYSE. In the after hours, the stock further gained $1.56 or 2.84%, to trade at $56.52.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.