Saturday, February 20, 2010

LifePoint beats Q4 estimates, forecast higher 2010 earnings

Shares of LifePoint Hospitals Inc. rose 5.1 percent Friday after the company projected higher earnings for this year than analysts had forecast.
The Brentwood-based hospital chain said that it expects to earn $2.50 to $2.80 per share for 2010 on revenues of $3.1 billion to $3.2 billion. On average, analysts polled by Thomson Reuters had forecast earnings of $2.66 a share.

LifePoint also beat analysts’ consensus estimates of its earnings for its recent fourth quarter by 11 cents. It had income from continuing operations of $38.6 million, or 71 cents per share, vs. $30.4 million, or 58 cents per share, last year. On average, analysts forecast 60 cents a share for the recent period. Revenues from continuing operations rose 10.7 percent to $746.9 million.

For all of 2009, income from continuing operations was $139.2 million, or $2.59 a share, vs. $126.7 million, or $2.37 a share, for 2008. LifePoint shares closed trading Friday at $31.95, up $1.55.

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