HCA Holdings (HCA) Surges on Raised Guidance; News Lifts Peers (THC) (CYH)

HCA Holdings (NYSE: HCA) is rallying 6% this morning following raised Q2 FY 2014 guidance.

HCA anticipates revenues for the second quarter of 2014 will be approximately $9.230 billion. Net income for the second quarter of 2014 is expected to be approximately $1.07 per diluted share. The consensus is $8.86 billion and $0.92, respectively.

For the full year 2014, the company raised revenue guidance from $35.50 - $36.50 billion to $36.00 - $36.50 billion, Adjusted EBITDA from $6.60 - $6.85 billion to $7.00 - $7.15 billion and Adjusted EPS from $3.45 - $3.75 to $4.00 - $4.25. The consensus is $35.94 billion and $3.71, respectively.

“Results for the second quarter of 2014 exceeded our internal expectations, both in terms of our core operations and healthcare reform,” said R. Milton Johnson, HCA President and CEO. “As a result, we are raising our earnings guidance for the full year 2014.”

The news from HCA is lifting the group. Tenet Healthcare Corp. (NYSE: THC) is up 6.4%, while Community Health Systems, Inc. (NYSE: CYH) is up 8.2%. Universal Health Services Inc. (NYSE: UHS) is up 4.2%.

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