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Universal Health Services: Q1 Earnings Snapshot

KING OF PRUSSIA, Pa. (AP) — KING OF PRUSSIA, Pa. (AP) — Universal Health Services Inc. (UHS) on Monday reported first-quarter net income of $348.7 million.

On a per-share basis, the King Of Prussia, Pennsylvania-based company said it had profit of $5.65. Earnings, adjusted for non-recurring gains, were $5.62 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $5.29 per share.

The hospital and health facility operator posted revenue of $4.5 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $4.36 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UHS at https://www.zacks.com/ap/UHS

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