LifePoint Hospitals Q2 Profit Rises - Quick Facts

(RTTNews) - LifePoint Hospitals, Inc. (LPNT) Friday reported a rise in its second-quarter earnings, on 17 percent year-on-year growth in revenues. Net income attributable to the company rose to $39.1 million or $0.84 per share from $27.4 million or $0.57 per share. On average, 18 analysts polled by Thomson Reuters expected earnings per share of $0.55 for the quarter. Analysts' estimates typically exclude one-time items. Revenues for the quarter were up by 17 percent to $1.04 billion from $894.9 million for the same period a year ago, whereas analysts projected revenues of $1.01 billion. Commenting on the results, William Carpenter III, CEO of LifePoint Hospitals said: "Our results reflect improving margins, enhancements to patient safety and quality of care, the strength of our recent acquisitions, and our successful efforts to capture the benefits of expanded coverage under healthcare reform." For the full-year, the company said it raised the outlook and now expects earnings per share in the range of $2.99-$3.19 on revenue of $4.25 billion - $4.35 billion. On an adjusted basis, the company now expects EBITDA in the range of $605 million - $620 million.

The guidance excludes the impact of items, if applicable, that are non-operational in nature including items such as, but not limited to, gains or losses on sales of hospitals and businesses, gains or losses on early debt retirement and impairments of long-lived assets. Analysts estimate earnings per share of $2.71 on revenue of $4.13 billion.