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LifePoint Health (LPNT) Stock Closed Sharply Lower on Q2 Miss, Outlook

NEW YORK (TheStreet) -- Shares of LifePoint Health (LPNT) closed down 7.55% to $59.18 on heavy trading volume after the company posted weaker-than-expected results for the 2016 second quarter and slashed its full-year forecast.

Before today's market open, the Brentwood, TN-based hospital operator reported adjusted earnings of 71 cents per share, missing analysts' estimates of 90 cents per share.

Revenue rose 25.3% to $1.59 billion from last year, but was below analysts' expectations of $1.61 billion.

LifePoint also reduced its...