Universal Health Services Inc. (NYSE:UHS) just released its financial results for the first quarter of 2017, posting earnings of $2.10 per share and revenues of $2.61 billion. Currently, UHS is a Zacks Rank #3 (Hold) and is up 0.43% to $121.42 per share in trading shortly after its earnings report was released.
Beat earnings estimates. The company posted earnings of $2.10 per share, beating the Zacks Consensus Estimate of $2.06 earnings per share. This number excludes 2 cents from non-recurring items.
Missed revenue estimates. The company saw revenue figures of $2.61 billion, missing our consensus estimate of $2.65 billion.
For Q1, Universal Health Services’ revenue figures increased 6.7% compared to $2.45 billion in the first-quarter of 2016. Net revenues from its acute care hospitals grew 4.8% year-over-year; however, its net revenues from behavioral health care facilities declined 1.1% from a year ago.
The King of Prussia-based company repurchased 103,948 shares at a cost of $11.2 million. This is a continuation of the share repurchase program that was authorized during the third quarter of 2014.
Here’s a graph that looks at Universal Health Services’ latest earnings performance:
The principal business of Universal Health Services, Inc. is owning and operating acute care hospitals, behavioral health centers, ambulatory surgery centers, radiation oncology centers and women's centers. Services provided by the Company's hospitals include general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services and behavioral health services.
Check back later for our full analysis on Universal Health Services’ earnings report!
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Universal Health Services, Inc. (UHS): Free Stock Analysis Report
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