HCA Healthcare (HCA) Reports Strong Q4 Earnings, Exceeding Expectations
* Earnings: $1.44 billion ($5.63 per share)
* Adjusted Earnings: $6.22 per share
* Revenue: $18.29 billion
Nashville, Tennessee – HCA Healthcare Inc. (HCA) released its fourth-quarter earnings results on Friday. The Nashville-based company reported a net income of $1.44 billion, equating to $5.63 per share. Adjusted for non-recurring costs, earnings came in at $6.22 per share.
These results surpassed Wall Street expectations. Analysts surveyed by Zacks Investment Research had predicted earnings of $5.97 per share. HCA's revenue for the period also exceeded forecasts, reaching $18.29 billion. Nine analysts surveyed by Zacks had anticipated $18.09 billion.
For the full year, HCA reported a profit of $5.76 billion ($22 per share) and revenue of $70.6 billion.
Looking ahead, HCA expects full-year 2023 earnings to be in the range of $24.05 to $25.85 per share, with revenue between $72.8 billion and $75.8 billion.