Universal Health Services tops Q2 expectations, but dials back full-year earnings

Universal Health Services notched a solid second quarter and has raised its revenue guidance for the year, though it now expects earnings per share to drag due to individual facilities’ performance | Volume recovery, capacity increases, supplemental funding, some struggling facilities and a jump in liability expenses all played into a guidance revision at the acute and behavioral hospital operator. Health insurance exchange impacts, while elevated, still landed within the higher range of the company's initial expectations.