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Stock impact report

Universal Health misses Q1 expectations as patient volume dwindles [MarketWatch]

Universal Health Services, Inc. (UHS) 
Last universal health services, inc. earnings: 4/27 04:17 pm Check Earnings Report
US:NYSE Investor Relations: ir.uhsinc.com/investor-overview
Company Research Source: MarketWatch
Shares of Universal Health Services Inc. fell more than 9% in the extended session Monday after the health-care company missed profit and sales expectations for the first quarter as its hospitals and other facilities saw fewer patients amid the coronavirus pandemic. Universal Health said it earned $142 million, or $1.64 a share, in the quarter, compared with $234.2 million, or $2.57 a share, in the year-ago period. Adjusted for one-time items, the company earned $150.2 million, or $1.73 a share, compared with $2.45 a share a year ago. Sales rose 0.9% to $2.8 billion, it said. Analysts polled by FactSet had expected adjusted earnings of $2.59 a share on sales of $2.9 billion for the quarter. "The impact of the COVID-19 pandemic has had a material unfavorable effect on our operations and financial results," the company said. "Patient volumes at our acute-care hospitals and our behavioral health care facilities were significantly reduced during the second half of March as various COVID-1 Show less Read more
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