July 22, 2020 / 11:51 AM / in 20 days

HCA Healthcare quarterly profit jumps nearly 38% on government stimulus

July 22 (Reuters) - HCA Healthcare Inc reported a nearly 38% rise in second-quarter profit on Wednesday, as the hospital operator received $822 million in government stimulus income related to the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Net income attributable to HCA rose to $1.079 billion, or $3.16 per share, in the quarter, from $783 million, or $2.25 per share, a year earlier.

Sales fell to $11.06 billion from $12.6 billion. (Reporting by Manojna Maddipatla and Mrinalika Roy in Bengaluru; Editing by Shinjini Ganguli)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below