HCA - Why HCA Healthcare Dived by Nearly 22% Today
HCA Healthcare (NYSE: HCA) is a stock that needs to spend the weekend recovering. The company unveiled its first-quarter results Friday morning, and to say they were unimpressive is understating the case. At the end of the day, HCA's stock had fallen by almost 22%.
For its first quarter of this year, HCA posted revenue of just under $14.95 billion. This was nearly 7% higher on a year-over-year basis, and it also topped the average analyst estimate of $14.75 billion. In terms of operations, same facility equivalent admissions saw a 5% increase.
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Why HCA Healthcare Dived by Nearly 22% Today