Universal Health Services reported a decline in third-quarter profit on October 27, even as revenue and patient activity increased.
The hospital operator said net income attributable to UHS was $308.7 million, or $5.22 per diluted share, for the three months ended September 30. A year earlier, it reported $373 million, or $5.86 per share. Revenue rose 5.3% to $4.733 billion.
At acute-care hospitals operating in both periods, admissions adjusted for outpatient activity increased 4.9%, while revenue per adjusted admission fell 1.7%. Comparable-facility behavioral-health revenue increased 4%.
For the first nine months, the company reported $13.867 billion in revenue, up 7.7%. Net income attributable to UHS declined to $1.016 billion from $1.043 billion, although diluted earnings per share increased to $16.86 from $16.07.
These figures describe completed reporting periods, rather than a forecast. UHS scheduled its results conference call for October 28 at 8 a.m. Eastern.
Sources: Universal Health Services — October 27 quarterly results: https://ir.uhs.com/news-releases/news-release-details/universal-health-services-inc-announces-financial-results-4