Universal Health Services Updates FY23 Adj. EPS Guidance From $9.50-$10.50 To $9.85 To $10.50 vs $10.18 Est.; Revises Net Revenue Guidance From $14.044B-$14.314B To $14.130B-$14.330B vs $14.13B Est.
Portfolio Pulse from Benzinga Newsdesk
Universal Health Services (UHS) has updated its FY23 adjusted EPS guidance from $9.50-$10.50 to $9.85-$10.50, compared to the estimated $10.18. The company also revised its net revenue guidance from $14.044B-$14.314B to $14.130B-$14.330B, against the estimated $14.13B.
July 25, 2023 | 8:19 pm
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UHS has updated its FY23 EPS and net revenue guidance. The EPS guidance has been raised to $9.85-$10.50 from $9.50-$10.50, while the net revenue guidance has been slightly increased to $14.130B-$14.330B from $14.044B-$14.314B.
The increase in EPS and net revenue guidance indicates that UHS expects better financial performance in FY23 than previously anticipated. This could be due to a variety of factors such as increased demand for their services, cost savings, or other operational efficiencies. This news is likely to be viewed positively by investors and could lead to an increase in the stock price in the short term.
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