Health Management Associates (HMA) announced after the close Tuesday that it expects to report first quarter adjusted EPS of $0.12 to $0.13, with revenues of approximately $1.48 billion. Analysts currently expect the company to earn $0.24 per share on revenues of $1.77 billion.
Meanwhile, full-year earnings from continuing operations are currently forecast in a range of $0.86 to $0.95 per share, while revenues are expected to range between $6.80 billion to $7.0 billion. Analysts currently expect the company to report full-year earnings of $0.93 per share on revenues of $6.86 billion.
Health Management Associates gapped open sharply lower Wednesday and fell during the first 45 minutes of trade. Shares finished with a loss of 2.06 at $10.53 on the highest volume of the year. The stock dropped to a month and a half low.
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