Health Management Associates Inc. (HMA) Thursday reported first-quarter net income of $23.10 million or $0.09 per share, down from $37.69 million or $0.15 per share in the comparable quarter last year.
On average, 16 analysts polled by Thomson Reuters expected the company to earn $0.15 per share for the quarter. Analysts' estimates typically exclude special items
Meanwhile, net revenues for the quarter slid to $1.482 billion from $1.485 billion in the prior year.
However, net revenue before the provision for doubtful accounts rose to $1.723 billion from $1.686 billion a year ago. Eighteen analysts estimated revenues of $1.66 billion for the first quarter.
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