BRENTWOOD, Tenn. (AP) — Fourth-quarter net income for LifePoint Hospitals Inc. fell 4 percent, as admissions at the company's established hospitals slipped while salaries and other expenses climbed.
The company issued a profit outlook for the year that was below analyst expectations, although it expects higher revenue than Wall Street predicts.
The Brentwood, Tenn., company said Friday that it earned $36.3 million, or 75 cents per share, in the three months that ended Dec. 31. That compares to earnings of $37.7 million, or 78 cents per share, in the 2011 quarter. The 2012 quarter included a loss of a penny per share from discontinued operations.
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