Universal Health Services falls 3% on legal settlement concerns
Universal Health Services (UHS) reported Q3 earnings of $5.22 per share, beating estimates by $0.02, with revenue up 5.3% YoY to $4.73B. Shares fell 3% after-hours due to legal settlement costs and Medicaid payment uncertainties. The quarter included a $26M charge for a tentative settlement in Cumberland Hospital litigation, partially offset by a $21M Medicaid payment benefit. UHS repurchased 1.35M shares at $242.1M.

