LifePoint Hospitals Q2 Income Down

(RTTNews) - LifePoint Hospitals, Inc.(LPNT), a hospital company focused on providing quality healthcare services, Friday reported decrease in net income to $27.4 million or $0.57 per share, compared with $40.3 million or $0.83 per share last year.

On an adjusted basis, earnings per share attributable to LifePoint Hospitals, Inc. stockholders was $0.65 per share.

On average, twenty analysts polled by Thomson Reuters expected earnings per share of $0.71 for the quarter. Analysts' estimates typically exclude one-time items.

For the three-month period, the company reported revenues of $894.9 million, a 8.2 percent increase from $827.3 million generated a year ago. Analysts expected the company to report revenues of $911.59 million.

The company reaffirmed its revenue guidance for the full year at $3.65 billion - $3.75 billion, and revised earnings per share guidance to be in range $2.67 - $2.94 per share, from previously anticipated $2.73-$3.11 per share. Analysts expect the company to report earnings per share of $2.95 on revenues of $3.68 billion for the year. Also, the company reaffirmed adjusted EBITDA to be in the range $530 million - $550 million.