LifePoint Hospitals Beats Estimates, Raises Forecast (LPNT)

LifePoint Hospitals, Inc. LPNT announced on Monday morning that it beat consensus Wall Street estimates. LifePoint Hospitals, Inc. (LPNT) reported that its 2nd quarter net income climbed to $37.6 million, or 69 cents per share, up from $26.3 million, or 49 cents per share, a year earlier. The company's revenues from continuing operations rose 7.5% to $790.6 million, up from $735.3 million a year earlier. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 62 cents per share, on revenue of $782.68 million. The company raised its full year earnings forecast to a range of $2.65 to $2.90 per share, up from the previous forecast of $2.50 to $2.80 per share. President and chief executive officer William F. Carpenter III said, “Our performance in the second quarter remained strong across the board. Our results reflected the success of our strategy to enhance performance through improving the quality of care provided at our hospitals, recruiting the right physicians to communities where they are needed, expanding service lines, improving hospital Emergency Departments, and making selective acquisitions.” LifePoint Hospitals, Inc. closed at $30.91 per share the previous trading day. Analysts covering the company's stock give it a consensus price target of $40.88 per share. Read more from Benzinga's Company news.