Benzinga | Jul 27, 2020 05:02PM EDT

Recap: Universal Health Services Q2 Earnings

Shares of Universal Health Services (NYSE:UHS) moved lower by 0.03% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 6.16% year over year to $2.93, which beat the estimate of $0.74.

Revenue of $2,730,000,000 declined by 4.38% from the same period last year, which beat the estimate of $2,450,000,000.

Guidance

Universal Health Services hasn't issued any earnings guidance for the time being.

Universal Health Services hasn't issued any revenue guidance for the time being.

Price Action

52-week high: $157.06

Company's 52-week low was at $65.20

Price action over last quarter: Up 7.24%

Company Overview

Universal Health Services Inc owns and operates acute care hospitals, behavior health centers, surgical hospitals, ambulatory surgery centers, and radiation oncology centers. The firm operates in two key segments: Acute Care Hospital Services and Behavioral Health Services. The Acute Care Hospital Services segment includes the firm's acute care hospitals, surgical hospitals, and surgery and oncology centers. Each segment contributes roughly half of the firm's overall revenue. Universal Health Services receives a significant portion of its net patient revenue from Medicare and Medicaid. The largest proportion of the firm's net patient revenue is paid by managed care organizations.