Stock

HCA Healthcare misses quarterly profit estimates on hurricane impact

(Reuters) -HCA Healthcare missed Wall Street estimates for quarterly profit on Friday after being hit by delays in medical procedures due to Hurricane Helene, sending its shares down about 10% in premarket trading.

The company incurred additional expenses in the third quarter, experiencing a loss of revenue estimated at $50 million, owing to the impact of Hurricane Helene on some of its facilities in Florida, Georgia and North Carolina.

HCA (NYSE:HCA) also closed five hospitals in Florida earlier this month, in preparation for Hurricane Milton, and transferred about 400 patients from hospitals throughout the state to mandatory evacuation zones.

The largest for-profit hospital operator in the United States reported third-quarter profit of $4.88 per share. Analysts on average were expecting a profit of $4.97 per share, according to data compiled by LSEG.

This post appeared first on investing.com

Related posts
Stock

China Vanke’s CEO, chairman resign amid growing liquidity worries

(Reuters) – Property developer China Vanke said on Monday its chairman Yu Liang and CEO Zhu Jiusheng had resigned, amid growing concerns…
Stock

UMG shares rally after new multi-year pact with Spotify

Investing.com — Universal Music Group (AS:UMG) and Spotify (NYSE:SPOT) have announced a new multi-year deal for recorded music and publishing, the companies…
Stock

British Land stock drops following stake sale

Investing.com — Shares of British Land (LSE:LON:BLND) fell 1.5% after the company announced the sale of a 50% stake in Broadgate REIT,…