Investing.com - HCA (NYSE:HCA) reported first quarter earnings that missed analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.33 on revenue of $12.86B. Analysts polled by Investing.com forecast EPS of $2.75 on revenue of $13.14B. That compared to EPS of $2.97 on revenue of $12.52B in the same period a year earlier. The company had reported EPS of $3.09 on revenue of $13.52B in the previous quarter.
HCA shares lost 3.11% to trade at $107.00 in pre-market trade following the report.
For the year, HCA shares are down 25.29%, under-performing the S&P 500 which is down 12.99% year to date.
HCA follows other major Healthcare sector earnings this month
On April 14, J&J reported first quarter EPS of $2.3 on revenue of $20.69B, compared to forecasts of EPS of $2.02 on revenue of $19.73B.
Abbott Labs earnings beat analyst's expectations on Thursday, with first quarter EPS of $0.65 on revenue of $7.73B. Investing.com analysts expected EPS of $0.59 on revenue of $7.44B
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