April 28 (Reuters) -
U.S. hospital operator Universal Health Services ( UHS )
beat Wall Street estimates for first-quarter profit on Monday,
driven by sustained demand for medical care.
A post-pandemic trend of Americans, especially older adults,
opting for elective surgeries have bolstered the sector while
weighing on health insurers.
Larger peer HCA Healthcare ( HCA ) on Friday beat estimates
for quarterly profit, while health insurance bellwether
UnitedHealth ( UNH ) shocked investors with dour earnings on
April 17.
Same-facility adjusted admissions increased by 2.4% at acute
care hospitals during the quarter, while those at behavioral
healthcare facilities fell by 1.6%, Universal Health Services ( UHS )
said.
Quarterly revenue came in at $4.10 billion, missing
estimates of $4.16 billion.
Shares of the company fell 3.1% to $167.56 in extended
trading.
The company did not share any comments on its annual revenue
forecast. Last quarter, it had forecast net revenue for 2025 to
be between $17.02 billion and $17.36 billion.
On average, analysts expect 2025 revenue to be $17.17
billion, according to data compiled by LSEG.
For the quarter ended March 31, the King Of Prussia,
Pennsylvania-based company reported quarterly adjusted profit of
$4.84 per share, beating estimates of $4.35 per share.