Universal Health Services, Inc. Q2 Profit Increases, beats estimates

(RTTNews) - Universal Health Services, Inc. (UHS) released a profit for its second quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $171.31 million, or $2.42 per share. This compares with $164.06 million, or $2.20 per share, in last year's second quarter.

Excluding items, Universal Health Services, Inc. reported adjusted earnings of $179.36 million or $2.53 per share for the period.

Analysts on average had expected the company to earn $2.43 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.9% to $3.55 billion from $3.32 billion last year.

Universal Health Services, Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $171.31 Mln. vs. $164.06 Mln. last year. -EPS (Q2): $2.42 vs. $2.20 last year. -Analyst Estimate: $2.43 -Revenue (Q2): $3.55 Bln vs. $3.32 Bln last year.

-Guidance: Full year EPS guidance: $9.85 - $10.50 Full year revenue guidance: $14.13 - $14.33 Bln