HCA Healthcare (HCA) shares hit an all-time high on Tuesday after the company posted better-than-expected earnings and increased its full-year guidance. The health-care provider reported a second-quarter adjusted earnings per share (EPS) of $5.53, surpassing analysts’ estimates of $4.86. Revenue rose 10.3% to $17.49 billion.
HCA saw a 5.8% year-on-year increase in same-facility admissions, a 5.5% rise in emergency room visits, and a 2.6% increase in inpatient surgeries. However, outpatient surgeries declined by 2.1%.
The company raised its full-year adjusted EPS outlook to $21.60-$22.80, up from $19.70-$21.20, and expects revenue to reach $69.75-$71.75 billion, up from $67.75-$70.25 billion.
Shares of HCA Healthcare climbed 4.2% to $338.95, hitting an intraday high of $348.00 earlier in the session. The stock’s record closing high of $343.29 was set in late June.