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HCA Holdings Sees Profit Missing Expectations

Shares, which have fallen 20% in the past three months, declined 9.2% to $69 in after-hours trading.

The hospital operator said labor costs increased because of “less productivity” and a greater use of contract labor to fill staffing needs. Labor costs as a percentage of revenues rose to 46.9% in the third quarter from 45.7% a year ago, the company said.

Also hurting results, HCA said, was a less favorable payer mix. HCA said...