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KING OF PRUSSIA, Pa. - Universal Health Services , Inc. (NYSE:UHS) reported fourth-quarter earnings and revenue that surpassed analyst expectations, sending shares up 2.9% in after-hours trading.
The healthcare facility operator posted adjusted earnings per share of $4.92, beating the analyst consensus of $4.14 by $0.78. Revenue for the quarter came in at $4.11 billion, topping estimates of $4.01 billion and representing an 11.1% increase YoY from $3.704 billion.
"We are pleased with our strong fourth quarter performance, which capped off a year of significant growth for UHS," said Marc Miller, CEO of Universal Health Services. "Both our acute care and behavioral health segments saw solid increases in admissions and revenue per patient."
Net income attributable to UHS rose to $332.4 million, or $4.96 per diluted share, compared to $216.4 million, or $3.16 per diluted share, in the same quarter last year.
For the full year 2024, UHS reported net revenues of $15.828 billion, up 10.8% from $14.282 billion in 2023. Adjusted earnings per share for 2024 were $16.61, compared to $10.54 in the previous year.
Looking ahead, the company forecasts 2025 net revenues between $17.02 billion and $17.364 billion, representing growth of 7.5% to 9.7% over 2024. Adjusted earnings per share for 2025 are expected to range from $18.45 to $19.95.
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