LifePoint Hospitals Q3 Profit, Revenue Rise, Top Estimates - Quick Facts

(RTTNews) - LifePoint Hospitals Inc. (LPNT) reported Friday that its third-quarter net income attributable to the company climbed to $32.8 million from last year's $19.2 million. Earnings per share grew to $0.68 from $0.39 a year ago. Income from continuing operations increased 69.9 percent to $32.5 million.

The prior year's adjusted earnings, which excluded certain items, were $0.60 per share.

On average, 20 analysts polled by Thomson Reuters expected earnings of $0.65 per share for the quarter. Analysts' estimates typically exclude special items.

For the third quarter, revenues from continuing operations were $899.7 million, 9.7 percent higher than $820.2 million for the same period a year ago. Analysts expected revenues of $890.65 million for the quarter.

Adjusted EBITDA increased 25.1 percent to $134.3 million from $107.3 million a year ago.

William Carpenter III, chairman and chief executive officer, said, "While the overall volume environment remains challenging, our strategic initiatives drove growth in outpatient volumes. Our M&A program remains active, with all pending acquisitions on track to close within the next six months. Our recently acquired hospitals are performing well, and we have a strong pipeline of potential opportunities."