Universal Health Services Experiences Significant Shortfall In Operating Results; Cuts Outlook

Universal Health Services, Inc. (UHS) said it estimates second quarter adjusted net income to UHS will be approximate $2.05 to $2.15 per share. Analysts polled by Thomson Reuters expect the company to report profit per share of $2.79. Analysts' estimates typically exclude special items. The company said the lower than expected earnings projected for the second quarter was due primarily to lower than expected patient volumes, revenues and income generated at its acute care hospitals. During April and May of 2022, the company's acute care hospitals experienced a significant decline in COVID-related patients. During the two months, patient volumes, revenues and income generated at the company's behavioral health care facilities were also below its expectations.

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Constellation Brands Maintains FY22 Comparable EPS Outlook; Q1 Results Top Estimates

While reporting financial results for the first quarter of fiscal 2023 on Thursday, beverage alcohol company Constellation Brands, Inc. (STZ) maintained its comparable earnings guidance for the full-year 2023.

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Walgreens Boots Alliance Maintains FY22 Adj. EPS Growth Outlook - Update

While reporting financial results for the third quarter on Thursday, retail pharmacy Walgreens Boots Alliance, Inc. (WBA) maintained its adjusted earnings growth guidance for the full-year 2022, based on year-to-date performance that is tracking broadly in line with expectations.

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UniFirst Slashes FY22 Earnings Outlook As Q3 Adj. EPS Misses Estimates

While reporting financial results for the third quarter on Wednesday, UniFirst Corp. (UNF) slashed its earnings and adjusted earnings outlook for the full-year 2022, while raising annual revenue outlook.

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Paychex Guides FY23 Adj. EPS Above View As Q4 Results Top Estimates

While reporting financial results for the fourth quarter and fiscal 2022 on Thursday, payroll and HR services provider Paychex Inc. (PAYX) initiated adjusted earnings guidance for the full year 2023, above analysts' estimates.

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Bed Bath & Beyond Q1 Results Miss Estimates

Home improvement retailer Bed Bath & Beyond, Inc. (BBBY) reported on Wednesday a net loss for first quarter that sharply widened from last year, hurt by hefty transient costs related to inventory markdown reserves and port-related supply chain fees. Both adjusted loss per share and net sales missed analysts' expectations.

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Patterson Companies Initiates FY23 Earnings Guidance

Patterson Companies, Inc. (PDCO) said it delivered an excellent fourth quarter, culminating a year in which the company delivered both top and bottom line growth that exceeded its expectations. The company's fiscal 2023 guidance anticipates delivering year-over-year revenue growth and operating margin expansion.

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