HCA Holdings Inc. shares dropped in the extended session Wednesday after the hospital operator forecast third quarter earnings below the Wall Street consensus. HCA shares dropped 10% to $68.47. The company expects third-quarter earnings of $1.17 a share on revenue of $9.86 billion. Analysts surveyed by FactSet had estimated earnings of $1.22 a share on revenue of $9.85 billion. For the year, HCA expects earnings of $5.20 to $5.25 a share. Analysts had forecast $5.29 a share.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
