Disappointing earnings trump a special dividend.�Shares of hospital chain HCA Holdings (HCA) fell 2.5% to� $31 a share in afternoon market action after the for-profit hospital chain warned investors that third-quarter earnings will fall below analysts.
HCA, the nation’s largest for-profit hospital, said it sees earnings per share of 77 cents for the quarter, below the Street�s view of 80 cents a share. HCA estimates revenue will rise 11% to $8.06 billion, missing forecasts of $8.89 billion. The company expects to report results on or around Nov. 1.
Lost in the shuffle — HCA plans to declare a special one-time dividend of $2.50 per share by Dec. 31.
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