Lifepoint Hospitals Inc. (NASDAQ:LPNT) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Lifepoint Hospitals Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 15.96% to $0.79 in the quarter versus EPS of $0.94 in the year-earlier quarter.
Revenue: Rose 29.26% to $1.1 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Lifepoint Hospitals Inc. reported adjusted EPS income of $0.79 per share. By that measure, the company missed the mean analyst estimate of $0.81. It beat the average revenue estimate of $924.01 million.
Quoting Management: William F. Carpenter III, chairman and chief executive officer of LifePoint Hospitals, said, “While experiencing soft volumes, we effectively controlled costs and cash flow from operations was strong in the quarter. We are executing the right strategies, which address both current market conditions and position us for healthcare reform, with a focus on expanding existing market share and growing through acquisitions.”
Key Stats (on next page)…