HCA Healthcare falls after dip in flu season volume
Shares of hospital operator HCA Healthcare HCA.N fall 7.3% to $439.21, snapping a two-day gaining streak and hitting a seven-month low
*Stock set for biggest percentage drop in over a year, if losses hold
Co says it did not experience a typical volume increase associated with the flu season in Q1 as respiratory-related admissions fell 42%, and respiratory-related emergency room visits were down 32% year-over-year
"Investors were prepared for some deceleration in same-store volumes, but we think Q1 was worse than expected," says Keybanc analyst Matthew Gillmor
Co posts Q1 adjusted profit of $7.15 per share vs analysts' average estimate of $7.14 per share - LSEG data
Posts Q1 revenue of $19.11 billion vs estimates of $19.10 billion
Including session's move, HCA down 6.8% YTD
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