LifePoint Hospitals on Friday said third-quarter revenue from continuing operations rose 10 percent to $745M. Net income for the quarter was $31.4 million, or 58 cents per diluted share, compared to $8.5 million or 16 cents per diluted share in the third quarter of last year.
An average of analyst estimates had the company earning 56 cents per share on $730 million in revenue. However, admissions grew by only 0.8 percent over the third quarter of 2008, and same-hospital admissions were down 3.7 percent.
President and CEO William Carpenter said in a statement that the company is not satisfied with its inpatient admissions, but noted that the company has seen sequential admissions improvement.
“Admissions growth remains a priority, and it is important to us and our hospitals that more patients receive quality care close to home,” he said in a statement.
LifePoint confirmed its 2009 guidance of $2.9 billion to $3 billion in revenue and earnings per share of $2.35 to $2.55.
The company’s stock (Ticker: LPNT) was trading down just under 1 percent at about 11:30 this morning. Year to date, it has gained about 25 percent.
Williamson County |
Brentwood |
LifePoint Hospitals Inc. |
William F. Carpenter III |
Hospital management: general acute-care |
Health care |
Market-movers
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