HCA Healthcare Reports Third Quarter 2023 Results

/ / Health Care /

HCA Healthcare Reports Third Quarter 2023 Results Revises 2023 Guidance NASHVILLE, Tenn.–October 24, 2023– HCA Healthcare, Inc. (NYSE: HCA) today announced financial and operating results for the third quarter ended September 30, 2023. Key third quarter metrics (all percentage changes compare 3Q 2023 to 3Q 2022 unless otherwise noted): — Revenues totaled $16.213 billion — Net income attributable to HCA Healthcare, Inc. totaled $1.079 billion, or $3.91 per diluted share — Adjusted EBITDA totaled $2.880 billion — Cash flows from operating activities totaled $2.479 billion — Same facility admissions increased 3.4 percent while same facility equivalent admissions increased 4.1 percent “During the quarter, most aspects of our business were positive, including continued solid demand for our services, which translated into strong revenue growth. However, our results were unfavorably impacted by our Valesco physician staffing joint venture, which performed below our expectations,” said Sam Hazen, Chief Executive Officer of HCA Healthcare.

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NextEra Energy Q3 Adj. EPS $0.94 Beats $0.88 Estimate, Sales $7.17B Beat $7.09B Estimate

/ / Energy /

NextEra Energy (NYSE:NEE) reported quarterly adjusted earnings of $0.94 per share which beat the analyst consensus estimate of $0.88 by 6.82 percent. This is a 10.59 percent increase over earnings of $0.85 per share from the same period last year. The company reported quarterly sales of $7.17 billion which beat the analyst consensus estimate of $7.09 billion by 1.16 percent. This is a 6.74 percent increase over sales of $6.72 billion the same period last year.

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CFRA Raises Opinion On Shares Of General Motors Company To Hold From Sell

/ / Consumer Discretionary /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We increase our 12-month price target by $2 to $30, based on a ’25 P/E of 4.2x, a steep but justified discount to historic averages. We increase our 2023 adjusted EPS estimate by $0.50 to $8.00, keep 2024 at $6.65, and introduce ’25 at $7.15. GM posts Q3 adjusted EPS of $2.28 vs. $2.25 (+1%), well ahead of the $1.84 consensus. The beat was driven by a stronger-than-expected top line, as revenue rose 5.4% to $44.13B ($880M above consensus) on stronger volumes (+5.2%). GM withdrew its prior 2023 adjusted EPS guidance of $7.15-$8.15 (current consensus = $7.49) due to uncertainty related to the UAW’s now 40-day-old targeted strike. GM also said it will moderate its EV production ramp-up for a variety of reasons, which we believe is

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Fiserv (NASDAQ:FISV) Q3 Adjusted Earnings, Revenue Rise

/ / Industrials /

Fiserv (NASDAQ:FISV) reported Q3 adjusted earnings Tuesday of $1.96 per diluted share, up from $1.63 a year earlier. Analysts polled by Capital IQ expected $1.93. Revenue for the quarter ended Sept. 30 was $4.87 billion, up from $4.52 billion a year earlier. Analysts surveyed by Capital IQ expected $4.60 billion. The company said it expects full-year 2023 adjusted earnings of between $7.47 and $7.52 per share, up from the previous guidance of between $7.40 and $7.50 per share. Analysts surveyed by Capital IQ expect $7.42.

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General Motors Posts Better-than-expected Earnings and Defends Latest Offer to UAW

/ / Consumer Discretionary /

General Motors Co.’s stock (GM) rose 1.5% early Tuesday, after the carmaker blew past earnings estimates for the third quarter. The company had net income of $3.064 billion, or $2.20 a share, for the quarter, after income of $3.305 billion, or $2.25 a share, in the year-earlier period. Adjusted per-share earnings came to $2.28, well ahead of the $1.87 FactSet consensus. Revenue rose to $44.131 billion from $41.889 billion a year ago, also ahead of the $42.482 billion FactSet consensus. “We were profitable in every region, including China,” Chief Executive Mary Barra said in a letter to shareholders. “And GM International excluding China is on track to deliver significantly higher EBIT-adjusted in 2023 compared to a year ago.” Electric vehicle sales rose 28% from the second quarter after the company produced 32,000 EVs and made the first deliveries of the Chevrolet Blazer EV. It expects further volume increases in the

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