HCA Holdings Stock Surges Nearly 5% On Q4 Earnings Beat, Upbeat 2017 Outlook

By Emma Court Markets MarketWatch Pulse

HCA Holdings Inc. shares surged 4.6% in pre-market trade Tuesday after the company reported a fourth-quarter earnings beat and an upbeat 2017 outlook. Earnings for the latest quarter rose to $920 million, or $2.39 per share, from $582 million, or $1.40 per share in the year-earlier period. Adjusted earning-per-share were $1.89, above the FactSet consensus of $1.78. Revenue rose to $10.64 billion from $10.25 billion, compared with the FactSet consensus of $10.66 billion. For 2017, the company expects earnings of $7.20 to $7.60 per share, above the FactSet consensus of $7.15, and revenue of $43 billion to $44 billion, compared with the FactSet consensus of $43.13 billion. HCA Holdings shares have surged 3.6% over the last three months, compared with a 7.3% rise in the S&P 500 .

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