HCA Holdings (NYSE: HCA) announced preliminary financial and operating results for its third quarter ended September 30, 2015. The financial results are subject to finalization of the Company’s quarterly financial and accounting procedures.

HCA anticipates revenues for the third quarter of 2015 should approximate $9.856 billion compared to $9.220 billion in the third quarter of 2014. Income before income taxes for the third quarter is expected to approximate $921 million compared to $929 million in the prior year period. Net income per diluted share for the third quarter of 2015 is expected to be approximately $1.17 per diluted share compared to $1.16 per diluted share for the third quarter of 2014. Adjusted EBITDA for the third quarter of 2015 is expected to be approximately $1.815 billion compared to $1.828 billion in the previous year’s third quarter. Adjusted EBITDA is a non-GAAP financial measure. A table reconciling expected income before income taxes to Adjusted EBITDA is included in this release.

*** The Street sees Q3 revenue of $9.85 billion with EPS of $1.22.

Consistent with recent trends, volume remained strong in the third quarter. Same facility admissions for the third quarter of 2015 increased 2.9 percent, while same facility equivalent admissions increased 3.6 percent when compared to the third quarter of 2014. Same facility emergency room visits for the third quarter of 2015 increased 5.8 percent from the prior year’s third quarter.

Operating margins declined in the quarter as a result of increased labor costs and a less favorable payer mix. Labor costs increased as a percent of revenues to 46.9 percent compared to 45.7 percent in last year’s third quarter. This increase was driven primarily by less productivity and a greater use of contract labor to fill staffing needs.

Same facility uninsured admissions comprised 8.0 percent of total admissions in the third quarter compared to 7.3 percent in last year’s third quarter. Same facility managed care/other admissions comprised 28.5 percent of admissions as compared to 28.9 percent in the prior year.

The third quarter 2015 results are expected to include losses on sales of facilities of approximately $2 million. The third quarter 2014 results included losses on sales of facilities of $12 million, or $0.02 per diluted share.

Same facility revenue per equivalent admission is expected to increase approximately 1.9 percent in the third quarter of 2015 compared to the prior year’s third quarter.

The Company’s guidance for Adjusted EBITDA for the year ending December 31, 2015, is now expected to be approximately $7.8 billion and Adjusted earnings per diluted share is expected to be in the range of $5.20 to $5.25 per share. The assumptions to 2015 guidance previously disclosed in conjunction with the Company’s second quarter earnings remain unchanged.

*** The Street sees FY15 EPS of $5.29.

HCA anticipates reporting its complete financial results for the third quarter of 2015 on, or about, October 27, 2015.