Universal Health Services Shares Drop 6.8% on Subsidy Concerns

Universal Health Services shares fell 6.8% to $167.18 after Q1 results highlighted pressure from fading ACA insurance subsidies.
Adjusted Q1 earnings $5.62 per share beat $5.41 consensus; acute‑care volumes fell ~200 bps due to weak flu and weather.
Exchange‑related pressures cost $15 million in Q1, and the company kept its full‑year pre‑tax hit forecast of about $75 million.
Guggenheim Securities says guidance remains intact, labeling volume softness transitory, while HCA Healthcare’s weak flu‑season results also weighed on sentiment.