HCA Holdings Q3 Profit Rises - Quick Facts

(RTTNews) - HCA Holdings, Inc. (HCA) reported that its third-quarter net income attributable to company increased to $518 million or $1.16 per share from $365 million or $0.79 per share, last year. Third quarter 2014 results include losses on sales of facilities of $12 million, or $0.02 per share. Adjusted EBITDA increased 14.0 percent to $1.83 billion.

On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $1.05 for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $9.22 billion from $8.46 billion, a year ago. Analysts expected revenue of $9.12 billion for the quarter.

"Results for the company's third quarter reflect a continuation of solid volume trends and improving payor and service mix," stated Milton Johnson, HCA President and CEO.

The HCA Holdings Board has also authorized a share repurchase program for up to $1 billion of the company's outstanding common stock.

On October 15, 2014, the company raised its previously issued financial guidance ranges for 2014. The company expects 2014 revenues in the range of $36.50 billion-$37.00 billion, and adjusted earnings per share in the range of $4.40-$4.60. Analysts expect the company to report 2014 earnings per share of $4.34 on revenue of $36.55 billion.