Health Management Associates Posts Mixed Results (HMA)
July 26, 2010 5:00 PM
Health Management Associates (NYSE: HMA) released financial results late Monday that just beat Wall Street earnings estimates but missed revenue estimates.
Health Management Associates (HMA) announced that its 2nd quarter net income rose to $39.7 million, or 16 cents per share, up from $32.6 million, or 13 cents per share, a year earlier.
The company reported revenue of $1.248 billion, up from $1.132 billion a year earlier.
According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 15 cents per share, on revenue of $1.26 billion.
Health Management Associates finished Monday trading up 5.26% at $7 per share. The consensus price target of analysts covering the company's stock is $10.49 per share.
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