HCA Holdings Sees Q1 Results Below View - Quick Facts

(RTTNews) - HCA Holdings, Inc. (HCA) announced preliminary financial and operating results for its first quarter ended March 31, 2017. The company noted that the financial results are subject to finalization of its quarterly financial and accounting procedures.

For the first quarter of 2017, HCA Holdings expects net income to approximate $659 million or $1.74 per share, compared to $694 million or $1.69 per share in the same period last year.

The company anticipates first-quarter revenues of about $10.62 billion, up from $10.26 billion in the year-ago period.

On average, analysis polled by Thomson Reuters expect the company to earn $1.79 per share for the quarter on revenues of $10.78 billion. Analysts' estimates typically exclude special items.

HCA noted that the latest quarter's results were affected by changes in payer mix and the loss of one day when compared to the first quarter of 2016.

Adjusted EBITDA for the first quarter of 2017 is expected to approximate $2.005 billion compared to $2.003 billion in the previous year's first quarter.

HCA Holdings expects to report its complete financial results for the first quarter of 2017 on or about May 2, 2017.

Looking ahead, HCA said its financial guidance for the year ending December 31, 2017 remains unchanged.