Higher Expenses Ding HCA Healthcare's Bottom Line
HCA Healthcare (NYSE: HCA), a hospital and healthcare-facility conglomerate, reported its second-quarter results on Tuesday.
Revenue growth almost reached double digits, thanks to steady gains in admissions and the impact of acquisitions. However, expenses grew at a faster rate than revenue, so net income dropped year over year for the second time this year. The management team is on top of the situation and believes the trend will reverse itself in short order. Management even went so far as to boost its full-year profit guidance.
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