Health Management Associates Earnings: Here’s Why Shares are Down Now
Health Management Associates Inc. (NYSE:HMA) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.19%.
Health Management Associates Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $0.12 in the quarter versus EPS of $0.26 in the year-earlier quarter.
Revenue: Rose 8.44% to $1.72 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Health Management Associates Inc. reported adjusted EPS income of $0.12 per share. By that measure, the company missed the mean analyst estimate of $0.18. It beat the average revenue estimate of $1.68 billion.
Quoting Management: “Our 2012 results reflect both a challenging and successful fourth quarter and year. I am very proud of and thankful for the efforts of our physicians, nurses and health care professionals, whose hard work and dedication to delivering the best possible care are the reasons for our success,” said Gary D. Newsome, Health Management’s President and Chief Executive Officer. “While we are pleased with the overall results, we also recognize that there are always areas and processes that can be improved. As such, we will continue to focus on our patient-centered approach, cost management and partnership opportunities, while taking important strategic steps we believe will better position Health Management for continued success going forward.”
Key Stats (on next page)…