Universal Health Services, Inc. Q4 Profit Decreases, but beats estimates

(RTTNews) - Universal Health Services, Inc. (UHS) reported a profit for fourth quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line totaled $239.12 million, or $3.00 per share. This compares with $308.71 million, or $3.60 per share, in last year's fourth quarter.

Excluding items, Universal Health Services, Inc. reported adjusted earnings of $235.10 million or $2.95 per share for the period.

Analysts on average had expected the company to earn $2.87 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.1% to $3.28 billion from $3.09 billion last year.

Universal Health Services, Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $239.12 Mln. vs. $308.71 Mln. last year. -EPS (Q4): $3.00 vs. $3.60 last year. -Analyst Estimates: $2.87 -Revenue (Q4): $3.28 Bln vs. $3.09 Bln last year.