Universal Health Services ( UHS) said its second-quarter earnings fell 62%.

The King of Prussia, Pa.-based hospital company earned $60.3 million, or $1.04 a share, in the quarter, compared with $158.8 million, or $2.53 a share, a year ago. Income from continuing operations was $60.9 million, or $1.05 a share, in the quarter, compared with $36.6 million, or 61 cents a share, a year ago.

Second-quarter revenue rose 6% from the year-ago period to $1.05 billion.

Adjusting for the hurricane-related insurance recoveries, net of hurricane-related expenses, and prior year cost report settlements, income from continuing operations in the second quarter was $44.5 million, or 78 cents a share. Analysts polled by Thomson First Call were estimating earnings of 65 cents a share.

Operating profit rose 20% to $152 million and operating profit margin improved 172 basis points to 14.5%.

During the quarter, inpatient admissions at the company's acute care hospitals rose 1.3%, excluding Louisiana facilities, and patient days increased 2.5%. At Universal's behavioral health clinics, inpatient admissions rose 1.7% and patient days increased 0.7%.

Shares rose $2.90 early Friday to $54.70.

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