Universal Health Services falls on Medicaid impact warning
BUZZ-Universal Health Services falls on Medicaid impact warning ** Shares of Universal Health Services UHS.N fall 5% to $168.5 in extended trading
** UHS warns changes to Medicaid programs could materially affect future operating results
** Says new Medicaid eligibility requirements are expected to reduce Medicaid enrollment and expenditures, lowering revenue and increasing uncompensated care at its facilities
** Co says higher borrowing costs have increased interest expense and reduced free cash flow; further rate increases could hurt future results and cash flows
** Posts Q3 adj. profit per share of $5.22 compared with analysts' estimate of $5.16, according to LSEG-compiled data
** Reports Q3 revenue of $4.73 billion vs estimates of $4.71 billion
** Separately, larger peer HCA Healthcare HCA.N also signaled flat earnings for 2027 on lower Medicaid payments and a rise in uninsured patients
** UHS stock down 18.6% YTD
(Reporting by Siddhi Mahatole)