Universal Health Posts $308.7M Third-Quarter Net Income
UHS sits 27% above its 52-week low of $140.08.
Summary
Universal Health Services reported third-quarter net income of $308.7 million, with revenue of $4.73B, up 5.3%, and adjusted EPS of $5.22, down from a year earlier. The company warned of a possible impact to annual results from Medicaid changes. The print lands after a rough second quarter in which UHS beat on revenue but cut full-year EPS guidance, with two behavioral health facilities losing licenses and the Cumberland litigation trial pending. The company has also been digesting the Talkspace acquisition completed in August and a $1.1 billion senior secured notes offering that refinanced its September 2026 maturity. Whether the quarter shows margin recovery in behavioral health and any update to full-year guidance will be the deciding factors for the stock.
At the time of this announcement, UHS was trading at $177.32 on NYSE in the Life Sciences sector, with a market capitalization of approximately $10.4B. The 52-week trading range was $140.08 to $246.33. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.