Health Management Associates Posts Mixed Results (HMA)

Health Management Associates 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. Read more from Benzinga's Company news.