Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Health Management Associates Q1 Profit Falls

4/23/2012 7:00 PM ET

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

Editors Pick
Starbucks Corp. said Thursday after the markets closed that its second quarter profit rose 9.4% from last year, helped by higher revenue. The company's quarterly earnings per share came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. The world's largest specialty coffee retailer also raised its full year earnings outlook. Software giant Microsoft Corp. said Thursday after the markets closed that its third quarter profit fell 6.6% from last year, when results were boosted by special upgrade offer revenues. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue. Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter.
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.