- HCA Healthcare Inc HCA reported revenue of $14.97 billion for the third quarter of FY22, compared to $15.27 billion a year ago, marginally miss consensus of $15.00 billion.
- Earnings per share of $3.93, down from $4.57 reported a year ago, beat the estimate of $3.88.
- Net income nearly halved to $1.13 billion from $2.27 billion a year ago.
- The company said its third-quarter results include the impact of Hurricane Ian, primarily on Florida facilities, which is causing additional costs and lost revenue estimated at $35 million.
- Admissions at the same facility fell 1.5% year-over-year, and admissions at equivalent facilities increased 2.3%.
- Significantly higher COVID-19 volumes impacted Y/Y comparisons in the prior year, when COVID-19 accounted for 12.7% of admissions at the same facilities, versus 5.2% in the current quarter.
- Same institution revenue per equivalent admission fell by 3.5%.
- Emergency admissions to the same facility decreased 1.3%, inpatient surgeries increased 5.6%, and outpatient surgeries increased 2%.
- Adjusted EBITDA totaled $2.9 billion compared to $3.22 billion in the third quarter of fiscal 21.
- Price promotion: HCA shares are down 4.13% to $200.00 during the premarket session on the last Check Friday.
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