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Health Management Associates Q1 Profit Falls

Health Management Associates, Inc. (HMA) 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.

by RTT Staff Writer

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