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Universal Health Services (UHS +2.9%) moves up today after its Q1 beat on the bottom line, and...

Universal Health Services (UHS +2.9%) moves up today after its Q1 beat on the bottom line, and despite missing on revenue. Net earnings fell 6.8% Y/Y as expenses slightly outpaced revenue growth and special gains boosted last years results. Operating expenses were up 4.2%, while revenue from acute-care hospitals edged up just 0.7% and adjusted admissions decreased 1.5%. On the upside, revenue per adjusted admission increased 2.2%, and behavioral health hospitals' same-facility revenue improved 2.4%.
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