Investing.com - HCA (NYSE:HCA) reported second quarter earnings that missed analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.21 on revenue of $12.6B. Analysts polled by Investing.com forecast EPS of $2.46 on revenue of $12.62B. That compared to EPS of $2.29 on revenue of $11.53B in the same period a year earlier. The company had reported EPS of $2.97 on revenue of $12.52B in the previous quarter.
HCA shares lost 8.79% to trade at $133.31 in intra-day trade following the report.
For the year, HCA shares are up 7.12%, under-performing the S&P 500 which is up 20.15% year to date.
HCA follows other major Healthcare sector earnings this month
On Tuesday, July 16, 2019, J&J reported second quarter EPS of $2.58 on revenue of $20.56B, compared to forecasts of EPS of $2.46 on revenue of $20.29B.
Pfizer earnings beat analyst's expectations on Monday, with second quarter EPS of $0.8 on revenue of $13.26B. Investing.com analysts expected EPS of $0.75 on revenue of $13.41B
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