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HCA Healthcare stock sinks as recent hurricanes hurt results, outlook

By MSN.com  
   October 28, 2024

HCA Healthcare reported that recent hurricanes had and will have negative impacts on results, and shares slumped about 10% Friday afternoon. The insurer posted third-quarter earnings per share of $4.88, with revenue rising 8% to $17.49 billion. Both missed consensus forecasts. HCA says it 'incurred additional expenses and experienced loss of revenues estimated at $50 million, or $0.15 per diluted share,' associated with Hurricane Helene's impact on hospitals in Florida, Georgia and North Carolina.

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