UHS Profit Misses Estimates on Lower Medical Care Demand
The hospital operator reported a profit of $5.88 per share as admissions stayed flat. Expiring subsidies are likely to impact future patient volumes.
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Hospital operator Universal Health Services, Inc.[Symbol:{"assets":{"symbol":"UHS"}}] reported quarterly results that fell short of Wall Street expectations on Wednesday, primarily due to lower-than-anticipated patient admissions. Following the announcement, shares of the company declined by 1.3% in after-market trading. The performance comes as the healthcare sector in the United States[Country:{"assets":{"country":"US"}}] prepares for the expiration of subsidies under the Affordable Care Act, commonly known as Obamacare.
