Health care services provider HCA Holdings Inc. (HCA), Monday detailed a revenue guidance for the first quarter of 2013, indicated to be slightly up from last year. The company also reaffirmed its guidance for the full year.
Nashville, Tennessee-based HCA anticipates revenues for the first quarter to be about $8.440 billion, slightly up compared to $8.405 billion in the first quarter last year.
Analysts polled by Thomson Reuters currently estimate earnings of $8.71 billion for the quarter.
HCA through its subsidiaries operates hospitals, diagnostic and imaging centers, and other facilities.
First-quarter results were impacted by a slowdown in the growth rate of admissions and a weakness in outpatient volumes. Same facility admissions for the quarter increased 0.1 percent while same facility equivalent admissions declined 0.7 percent, compared to the prior year's increases of 3.2 percent and 4.8 percent, respectively.
The company also reaffirmed its previously issued full year guidance range of adjusted earnings of $3.00 to $3.30 per share and revenues of $33.50 billion to $34.50 billion.
Analysts currently estimate earnings of $3.19 per share and revenues of $34.45 billion for the year.
HCA closed Monday's trading at $36.72, down $1.60 or 4.18%, on the NYSE. The stock further slipped $1.47 or 4.00% in after hours.
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