Universal Health Services: Profit down in third quarter, revenue up
Published
The US hospital operator Universal Health Services published its third-quarter results late on Tuesday. The company reported an adjusted profit of US$5.22 per diluted share. Compared with the same quarter of the previous year, adjusted profit has declined.
Despite the lower profit, the company was able to increase its revenue. Universal Health Services operates hospitals and clinics in the United States as well as in the United Kingdom and is one of the larger companies in the industry. Adjusted profit is a measure that excludes special effects, such as one-time costs. This makes it easier to compare ongoing business activity.
For Germany, the news has only minor direct significance. The company is not active in Germany as a clinic operator, and the figures relate to the market in the United States. However, investors who follow shares of large healthcare companies regularly monitor such quarterly reports, as they provide clues about the economic situation of the industry.
Detailed information on the causes of the development and on the outlook for the coming months was only partially available at the time of the announcement. Further information is likely to be found in the company's full filings.
Sources: MarketScreener Deutschland
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