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Stock Market & Financial Investment News

News Breaks
August 5, 2014
13:25 EDTCYH, LPNT, THC, HCATenet advances after reporting beat and raise results
Shares of hospital chain Tenet (THC) are climbing after the company reported stronger than expected second quarter results and raised its guidance. WHAT'S NEW: Tenet reported Q2 earnings per share from continuing operations of 17c, versus analysts' consensus estimate of 1c. The company's revenue was slightly higher than expected. Tenet raised its 2014 earnings before interest taxes depreciation and amortization guidance to $1.85B-$1.95B from $1.8B-$1.9B. The company's same-hospital pro forma admissions rose 2.8% versus the same period a year earlier. "Our success at capturing incremental market share through strategic investments, service line expansion, and successfully positioning Tenet's hospitals to benefit from key aspects of the Affordable Care Act all contributed to a great quarter," said Tenet CEO Trevor Fetter. ANALYST REACTION: In a note to investors today, Mizuho analyst Ann Hynes wrote that the company's newly raised EBITDA guidance is likely conservative, as its earnings could be boosted by health reform, integration of companies it previously acquired and growth in its outpatient and healthcare services business. She raised her price target on the shares to $64 from $59 and kept a Buy rating on the stock. PRICE ACTION: In mid-afternoon trading, Tenet climbed 4.5% to $56. Other hospital operators also advanced, with Community Health (CYH) gaining 1% to $48, HCA Holdings (HCA) rising 2% to $67, and LifePoint Hospitals (LPNT) gaining 2% to $72.
News For THC;CYH;HCA;LPNT From The Last 14 Days
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April 20, 2015
12:40 EDTHCAHCA Holdings to repurchase 3.8M shares
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April 16, 2015
08:28 EDTHCAHCA Holdings reported strong Q1 results, says RBC Capital
After HCA Holdings reported stronger than expected Q1 results, RBC Capital says it was particularly encouraged that the company raised its guidance by more than the amount by which its earnings beat guidance. The firm says this indicates that the company has strong confidence in the sustainability of its underlying trends. RBC keeps an Outperform rating on the shares.
07:28 EDTHCAHCA Holdings results impressive, says SunTrust
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April 15, 2015
08:40 EDTLPNT, CYH, HCA, THCHospital stocks rise in pre-market after HCA boosts 2015 guidance
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08:34 EDTHCAHCA Holdings says Q1 same facility admissions increased 5.1%
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08:33 EDTHCAHCA Holdings raises FY15 adjusted EPS view to $4.90-$5.30 from $4.55-$4.95
Consensus is $4.93. Raises FY15 revenue view to $39B-$40B from $38.5B-$39.5B. Raises FY adjusted EBITDA view to $7.55B-$7.85B from $7.35B-$7.65B. Still sees FY CapEx approx. $2.4B. The Company’s revised 2015 guidance contains a number of assumptions that remain unchanged from its February 2015 guidance, including: The Company estimates approximately 6 to 7 percent of Adjusted EBITDA is attributable to the Patient Protection and Affordable Care Act.
08:31 EDTHCAHCA Holdings sees Q1 EPS approx. $1.35, conseuss $1.14
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