Why Hospital Operator HCA Healthcare's Shares Are Falling Today
Portfolio Pulse from Lekha Gupta
HCA Healthcare Inc's shares are trading lower after the company reported mixed Q3 FY23 financial results and updated guidance. The company exceeded revenue consensus but missed on EPS. Adjusted EBITDA and cash flows from operating activities declined from a year ago. The company also revised its FY23 revenue and EPS outlook. HCA's shares are down 4.81%.
October 24, 2023 | 3:02 pm
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HCA Healthcare's shares are trading lower due to mixed Q3 FY23 results. The company exceeded revenue expectations but missed on EPS. Adjusted EBITDA and cash flows from operating activities also declined. The company revised its FY23 outlook.
HCA Healthcare's shares are trading lower due to mixed Q3 FY23 results. While the company exceeded revenue expectations, it missed on EPS. Additionally, adjusted EBITDA and cash flows from operating activities declined from a year ago. The company also revised its FY23 outlook, which could have contributed to the negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100