HCA Holdings Q2 Profit Rises - Quick Facts

(RTTNews) - Healthcare services provider HCA Holdings, Inc.'s (HCA) second-quarter net income attributable to the company grew to $423 million, or $0.91 per share, from $391 million, or $0.85 per share, a year ago. On average, 25 analysts polled by Thomson Reuters expected earnings per share of $0.83 for the quarter. Analysts' estimates typically exclude one-time items.

The latest results include gains on sales of facilities of $4 million, compared with losses on sales of facilities of $2 million in the 2012 second quarter, the company added.

Three-month revenue increased to $8.45 billion, from $8.11 billion in the second quarter of 2012, reflecting increased patient volumes and improved revenue per equivalent admission. Quarterly revenues before provision for doubtful accounts were $9.47 billion, up compared with lats year's $9.15 billion. Analysts estimated revenues of $8.44 billion for the quarter.

"We are pleased with the second quarter results, produced through volume growth, increasing acuity and favorable expense management by our operating teams," stated Richard M. Bracken, HCA Chairman and CEO. Further, the firm is reaffirming its prior issued guidance ranges for 2013.