Following a recent sharp stock price decline an investigation on behalf of investors in HCA Holdings Inc (NYSE:HCA) shares over potential Federal Securities Laws violations was announced.
The investigation by a law firm focuses on possible shareholder claims based on potential violations of the federal securities laws. Specifically the investigation concerns whether HCA Holdings Inc or others may have violated securities laws by issuing a series of statements regarding its business, its prospects and its operations that were materially false and misleading at the time they were made.
HCA Holdings annual Total Revenue rose from $26.85billion in 2007 to $30.68billion in 2010. Its Net Income increased from $874million in 2007 to $1,207million in 2010. Its first quarter Revenue climbed from $7.75billion a year earlier to $8.06billion while its first quarter Net Income fell from $293million to $229million for the first quarter in 2011.
Shares of HCA Holdings Inc (Public, NYSE:HCA) fell from $34.88 during July 22, 2011 to $27.045 on Tuesday July 26, 2011 after HCA Holdings Inc announced on July 25, 2011 its financial and operating results for the second quarter ended June 30, 2011.
During a conference call the Chief Executive of HCA Holdings lowered HCA Holdings outlook for 2011 growth-adjusted earnings before interest, taxes, depreciation and amortization to a range of 3% to 5% from a prior mid-single-digit growth target.