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Universal Health misses views, cuts outlook

July 26, 2017

Universal Health Services Inc. UHS, -8.15% shares dropped in the extended session Tuesday after the hospital operator’s earnings and outlook fell short of Wall Street estimates. Universal Health Services shares fell 6.4% to $115 after hours. UHS reported second-quarter earnings of $1.76 a share on revenue of $2.85 billion. Analysts surveyed by FactSet had forecast $2.06 a share on revenue of $2.86 billion. UHS lowered their full-year earnings outlook to a range of $7.50 to $8 a share from a previous range of $7.70 to $8.20 a share. Analysts estimated $7.97 a share.

http://on.mktw.net/2uYLC2y

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