HCA said this morning that its third-quarter profit will probably not match Wall Street's estimates as damage from the Gulf Coast hurricanes takes its toll. The company projects earnings of between 61 cents to 63 cents per share, lower than the 66 cents per share analysts had expected. HCA said it will buy back up to 50 million of its shares. The stock was up slightly on the combined news.
- see this article [1] from MarketWatch
ALSO: The SEC delivered a subpoena to Senate Majority Leader Bill Frist (R-Tenn.) yesterday asking for access to his financial records and other documents. Article [2]
Links:
[1] http://www.marketwatch.com/news/story.asp?guid=%7BFDE95B64-E8BE-4400-B407-4F9EC87FD67C%7D
[2] http://www.washingtonpost.com/wp-dyn/content/article/2005/10/12/AR2005101202286.html