Health Management Associates (HMA:Health Management Associates, Inc
Last: 1.84-0.24-11.54%4:02pm 01/12/2009
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HMA 1.84, -0.24, -11.5%) said that it expects to report fourth-quarter net revenue from continuing operations of around $1.1 billion and adjusted earnings per share, also from continuing operations, of approximately 6 cents a share. Analysts had been expecting average earnings of 9 cents a share, according to data compiled by FactSet. Admissions from HMA's continuing hospital operations were flat to 1.0% lower compared to same point a year ago, which the company said marked a measurable improvement compared to the last several quarters. For 2009, the firm expects revenue in a range of $4.55 billion to $4.65 billion and earnings per share of between 37 cents to 45 cents.
