The company reported an adjusted EPS of $3.02, up from $2.95 a year ago, beating the consensus of $2.96.
UHS highlighted a 5.5% year-over-year increase in quarterly adjusted admissions and a 1.6% increase in adjusted patient days, though net revenue per adjusted admission fell 3.8%.
In the behavioral health segment, adjusted admissions for the quarter rose 0.7% year over year, adjusted patient days grew 2%, and net revenue per adjusted admission increased by 3.4%.
Looking ahead, UHS forecasted 2023 full-year net revenues between $14.04-$14.31 billion compared to the consensus of $13.98 billion.
It expects adjusted EBITDA net of non-controlling interests of $1.55-$1.75 billion, translating to an adjusted EPS of $9.50-$10.50, below the consensus of $10.79.
The company plans capital expenditures between $725-$875 million.
Price Action: UHS shares are down 9.90% at $131.59 on the last check Tuesday.
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This article Universal Health Services Annual Profit Outlook Falls Short Of Expectations, Shares Tumble originally appeared on Benzinga.com
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