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LifePoint tops 4Q profit forecasts

BRENTWOOD, Tenn. (AP) _ LifePoint Hospitals Inc. (LPNT) on Friday reported fourth-quarter net income of $43.9 million.

The Brentwood, Tennessee-based company said it had net income of $1.07 per share. Earnings, adjusted for non-recurring costs, were $1.09 per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.

The rural hospital operator posted revenue of $1.84 billion in the period. Its adjusted revenue was $1.61 billion, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $1.63 billion.

For the year, the company reported profit of $121.9 million, or $2.82 per share. Revenue was reported as $6.36 billion.

LifePoint expects full-year earnings to be $4.05 to $4.34 per share, with revenue in the range of $6.5 billion to $6.6 billion.

LifePoint shares have increased 11 percent since the beginning of the year. The stock has climbed 4 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LPNT at https://www.zacks.com/ap/LPNT

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Keywords: LifePoint Hospitals, Earnings Report