HCA Holdings Inc. (HCA) reported that its first-quarter net income to HCA decreased to $344 million or $0.74 per share, from $540 million or $1.18 per share last year. Net income attributable to HCA excluding losses on sales of facilities and loss on retirement of debt was $0.79 compared to $1.18 prior year.
Revenues were $8.44 billion compared to $8.41 billion last year. Revenues before provision for doubtful accounts was $9.19 billion, comapred to $9.20 billion last year.
On average, 24 analysts polled by Thomson Reuters expected the company to report profit of $0.82 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $8.61 billion for the quarter.
The company reaffirmed its previously issued guidance ranges for 2013.
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