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Why HCA Healthcare Dived by Nearly 22% Today

TheMotleyFool

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Why HCA Healthcare Dived by Nearly 22% TodayPhoto, wide shot, wide-angle lens, Biotech company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/80e18bfd-1ff8-4487-af62-1cdb7de1ceb6.png

HCA Healthcare (NYSE: HCA) is a stock that needs to spend the weekend recovering. The company unveiled its first-quarter results Friday morning, and to say they were unimpressive is understating the case. At the end of the day, HCA's stock had fallen by almost 22%.

For its first quarter of this year, HCA posted revenue of just under $14.95 billion. This was nearly 7% higher on a year-over-year basis, and it also topped the average analyst estimate of $14.75 billion. In terms of operations, same facility equivalent admissions saw a 5% increase.

Image source: Getty Images.

Source Fool.com

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