shares rose 4.6% after first-quarter earnings rose 2%, helped by rise in inpatient admissions and surgeries.
The Plano, Texas-based company earned $60.1 million, or 69 cents a share in the quarter, compared with $58.9 million, or 72 cents a share, a year ago. On that basis, analysts surveyed by Thomson First Call were expecting earnings of 69 cents a share in the most recent quarter.
Second-quarter revenue rose 18% from a year ago to $1.38 billion as against analysts' expectation of $1.34 billion.
The company reiterated its full year guidance of $2.81 to $2.93 a share, including stock based compenstaion, as against analysts' estimate of $2.87 a share.
On same facility basis, inpatient admissions rose 0.2%, adjusted admissions rose 1.5%, and inpatient surgeries rose 3.8%, from the year-ago period.
Shares rose $1.80 to $40.60.
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