Hospital operator HCA Healthcare Inc on Thursday raised its annual profit forecast, betting on a recovery in non-urgent medical procedures as more patients return to hospitals for surgeries delayed during the COVID-19 pandemic.
Heightened expectations of a spike in surgical procedures ahead of the earnings could drive HCA stock lower on Thursday, said Citi analyst Jason Cassorla.
Shares of HCA fell 3.4% to $272.3 in premarket trading even as the company's second-quarter revenue of $15.86 billion beat Refinitiv estimates of $15.62 billion. The shares have risen 17% this year compared to a marginal decline in S&P 500 healthcare index
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