Universal Health Services Reports Third-Quarter Revenue of $4.73B, EPS of $5.22
Revenue rose 5.3% year over year, while earnings fell 17%. Revenue growth reflected higher same-facility activity, acquisitions and increased provider tax assessments; lower income before taxes and higher interest expense weighed on results.
Third-quarter revenue rose 5.3% year over year, while earnings fell 17%. Revenue growth reflected higher same-facility activity, acquisitions and increased provider tax assessments; lower income before taxes at both acute-care and behavioral-health facilities, higher interest expense and the prior…