HCA - Why HCA Healthcare Stock Is Soaring Today
Shares of HCA Healthcare (NYSE: HCA) had soared by 14.4% as of 10:56 a.m. ET on Friday. The big jump came after the large hospital operator announced its second-quarter results before the market opened.
HCA reported Q2 revenue of $14.8 billion, up from $14.4 billion in the prior-year period. The company posted net income of nearly $1.2 billion, or $3.90 per diluted share. That was down from earnings of $1.45 billion, or $4.36 per diluted share, in the second quarter of 2021.
However, HCA beat Wall Street's expectations on both the top and bottom lines. The average analyst estimate was for revenue of $14.7 billion and earnings of $3.70 per share.
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Why HCA Healthcare Stock Is Soaring Today