King of Prussia-based Universal Health Services Tops Wall Street Expectations with Q4 Results
King of Prussia-based Universal Health Services, one of the nation’s largest providers of hospital and healthcare services, has topped Wall Street expectations with its fourth-quarter results, according to a staff report from The Kansas City Star.
The hospital and health facility operator reported a net income of $239.1 million and a profit of $3 per share. Earnings, adjusted for non-recurring gains, were $2.95 per share, which is above the average estimate of $2.83 per share from the five analysts surveyed by Zacks Investment Research.
In the period, the King of Prussia-based company reported revenue of $3.28 billion, which is above the expected $3.14 billion from four analysts surveyed by Zacks.
Universal Health Services has recently reported a profit of $991.6 million for the year or $11.82 per share. Meanwhile, revenue was reported as $12.64 billion.
The company expects to see full-year earnings in the range of $11.90 to $12.90 per share. Revenue is expected to be in the range of between $13.42 billion and $13.69 billion.
UHS is an American Fortune 500 company that provides hospital and healthcare services, based in Montgomery County.
Read more about King of Prussia-based Universal Health Services great fourth-quarter results in The Kansas City Star.
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