05:09 PM EDT, 07/24/2024 (MT Newswires) -- Universal Health Services ( UHS ) reported Q2 adjusted diluted earnings late Wednesday of $4.31 per share, up from $2.53 a year earlier.

Analysts polled by Capital IQ expected $3.32.

Revenue for the quarter ended June 30 was $3.91 billion, up from $3.55 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.86 billion.

The company said it now expects full-year 2024 adjusted diluted earnings of $15.40 to $16.20 per share, up from its previous guidance of $13 to $14. Analysts polled by Capital IQ expect $13.82.

Revenue for the year is now forecasted to be in the range of $15.57 billion to $15.75 billion, an increase from the previous estimate of $15.41 billion to $15.71 billion. Analysts polled by Capital IQ expect $15.58 billion.

Meanwhile, the company said its board authorized a $1 billion increase in its stock repurchase program.

Shares of the company rose 3.8% in after-hours activity.

Price: 193.00, Change: +7.03, Percent Change: +3.78