Health Management misses; shares down
Jon "DRJ" Najarian | [email protected]
Health Management Associates expects to report first-quarter profit of no more than $0.13 a share. That's barely half the $0.24 consensus estimate. Full-year guidance was also lowered, and HMA is down 12 percent before the bell on my tradeMONSTER platform.
Realogy Details Weak Quarter
Realogy announced preliminary first-quarter revenue of $950 million to $960 million, but analysts had hoped for $997 million. The real-estate brokerage company also said controlling Apollo Group will unload 35 million shares. That has RLGY down 6 percent in early trading.
Family Dollar Lowers Guidance
Family Dollar's revenue matched expectations, but that was the main positive. The discount retailer earned just $1.21 a share in its second quarter, missing the $1.23 average estimate of analysts. Management also said comparable-store sales will be at the low end of guidance in the current quarter and lowered its full-year profit outlook. FDO drops more than 4 percent in the premarket.