Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Health Management Associates Q1 Profit Falls

Health Management Associates, Inc. (HMA: Quote) reported first-quarter net income attributable to the company of $37.7 million or $0.15 per share, down from $55.5 million or $0.22 per share last year

On average, 8 analysts polled by Thomson Reuters expected earnings of $0.23 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues before provision for doubtful accounts in the quarter rose to $1.7 billion from $1.4 billion a year ago.

Analysts expected revenues of $1.64 billion for the quarter. Looking ahead, the company affirmed its full -year 2012 earnings guidance to be between $0.80 and $0.90 per share

Analysts currently expect earnings of $0.86 per share for the full year 2012.

Click here to receive FREE breaking news email alerts for Health Management Assoc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The Swiss economy stalled in the second quarter as the improvement in household spending was insufficient to offset the weakness in exports and investment in construction. Gross domestic product remained flat from the first quarter, when it accelerated to 0.5 percent, the State Secretariat for Economic Affairs said Tuesday. Economists had expected GDP to rise 0.5 percent in the second quarter. Policymakers of Reserve Bank of Australia decided to maintain its record low interest rate once again as they continue to assess that the most prudent course is a period of stability in interest rates. The monetary policy board retained the cash rate at 2.50 percent. The rate has been at the current level since August 2013. A ban on athletes using stamina-boosting gases - xenon and argon - came into effect on Monday. The World Anti-Doping Agency (WADA) said Hypoxia-Inducible Factor (HIF) activators Xenon and Argon have been added to the 2014 List of Prohibited Substances and Methods List following the required three-month notice period and UNESCO's communication to all States Parties. A recommendation to revise the
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.