Aug 1 - U.S. hospital operator LifePoint Health Inc's quarterly revenue fell short of analysts' estimates, hurt by lower patient volumes.
The company said equivalent admissions, which include patients who stay in the hospital overnight and those treated on an outpatient basis, fell 1.51 percent in the second quarter ended June 30.
Revenue per equivalent admission, however, rose 1.7 percent to $8,969 in the quarter.
Shares of hospital operators have been volatile as President Donald Trump and Republicans have so far failed in their efforts to repeal the Affordable Care Act, which benefited the companies by expanding insurance coverage.
LifePoint, which operates 72 hospitals, reported net sales at $1.59 billion - nearly flat versus the year-ago period and missed the average analyst estimate of $1.64 billion, according to Thomson Reuters I/B/E/S.
Net income attributable to LifePoint Health rose to $42.5 million, or $1.03 per share, in the second quarter, from $16.9 million, or 38 cents per share, a year earlier.
Excluding items, the company earned 96 cents per share, beating the average analyst estimate of 90 cents. (Reporting by Akankshita Mukhopadhyay in Bengaluru; Editing by Martina D'Couto and Saumyadeb Chakrabarty)