Stock

HCA Healthcare misses quarterly profit estimates on hurricane impact

1 Mins read

(Reuters) -HCA Healthcare missed Wall Street estimates for quarterly profit on Friday after being hit by delays in medical procedures due to Hurricane Helene, sending its shares down about 10% in premarket trading.

The company incurred additional expenses in the third quarter, experiencing a loss of revenue estimated at $50 million, owing to the impact of Hurricane Helene on some of its facilities in Florida, Georgia and North Carolina.

HCA (NYSE:HCA) also closed five hospitals in Florida earlier this month, in preparation for Hurricane Milton, and transferred about 400 patients from hospitals throughout the state to mandatory evacuation zones.

The largest for-profit hospital operator in the United States reported third-quarter profit of $4.88 per share. Analysts on average were expecting a profit of $4.97 per share, according to data compiled by LSEG.

This post appeared first on investing.com

Related posts
Stock

Sabadell’s board discusses moving HQ back to Catalonia

2 Mins read
By Jesús Aguado MADRID (Reuters) – The board of Spain’s Banco Sabadell will on Wednesday discuss moving its headquarters back to Catalonia,…
Stock

Victory for Prince Harry as Murdoch papers admits wrongdoing by Sun

2 Mins read
By Michael Holden and Sam Tobin LONDON (Reuters) -Prince Harry settled his privacy claim against Rupert Murdoch’s UK newspaper group on Wednesday…
Stock

Trump pardons Silk Road founder Ross Ulbricht

1 Mins read
Investing.com — President Donald Trump has granted a full pardon to Ross Ulbricht, the founder of the dark-web marketplace, Silk Road. This…

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.