NEW YORK (TheStreet) -- Shares of HCA Holdings Inc. (HCA) are higher by 10.14% to $60.81 on heavy volume in mid-afternoon trading on Wednesday, as the stock continues to gain following the company's revised 2014 second quarter guidance.
HCA, a holding company whose affiliates own and operate hospitals and other health care entities, is now expecting revenue for the quarter to reach approximately $9.230 billion, compared to $8.450 billion for the 2013 second quarter.
The company's income before taxes is forecast to be approximately $904 million versus $806 million for the year ago quarter.
Must Read: Warren Buffett's 25 Favorite Stocks
HCA data by YCharts
HCA is expecting net income to increase to $1.07 per diluted share, from 91 cents for the 2013 second quarter.