By Kimberly Chin
HCA Healthcare Inc. (HCA) said profit more than doubled in the fourth quarter as the company saw slightly more admissions to its facilities in the quarter.
For the period ended Dec. 31, the health-care facility operator reported net income of $1.06 billion, or $3.01 a share, compared with $474 million, or $1.30 a share, a year ago. Analysts polled by Refinitiv were expecting earnings of $2.60 a share.
HCA's total revenue rose 6.2% to $12.27 billion from a year ago. Analysts were expecting revenue of $12.09 billion.
Same-facility admissions and equivalent admissions rose 1.9% in the quarter. Same-facility per equivalent admission rose 4.4% compared to a year ago. But same-facility emergency room visits fell 2.1%.
HCA expects full-year 2019 revenue to be between $50.5 billion and $51.5 billion, and per-share earnings of $9.60 and $10.20.
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