Shares of LifePoint Hospitals Inc. (LPNT) have slipped more than 8% after second-quarter results missed expectations.
The company reported adjusted earnings of 54 cents per share, missing the Zacks Consensus Estimate by more than 8%. Lifepoint reported earnings of 60 cents in the year-ago quarter.
Revenues expanded 10.4% to $735.3 million.
Meanwhile, the company narrowed its full-year earnings guidance to between $2.35 and $2.55 per share, compared to the prior outlook of $2.25 to $2.35.
The updated guidance remains in-line with the Zacks Consensus Estimate of $2.50 per share, which has edged up a penny over the past week as 1 of 18 analysts raised expectations.
LPNT, a Zacks #3 Rank (“Hold”) stock, is trading on extraordinarily high volume of approximately 2.6 million, against the average daily volume of about 590,000.
“LPNT” Free Stock Analysis: Buy? Sell? Hold?
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