Universal Health reported fourth-quarter 2022 adjusted earnings per share (EPS) of $3.02, which surpassed the Zacks Consensus Estimate by 2%. Additionally, the bottom line grew 2.4% year over year. The quarterly results of UHS were aided by improved patient volumes at its acute care and behavioral health care facilities. However, the upside was partly offset by an elevated expense level related to salaries, wages and benefits, which might have cropped up from the shortage of nurses and other medical personnel throughout the United States.