Health Management Associates (HMA), the hospital operator, forecast first-quarter results below analysts' expectations and reduced its outlook for 2013 as admissions fell at its hospitals. The company said it expects to report adjusted profit of 12 cents to 13 cents a share in the first quarter on revenue of $1.48 billion. Analysts are calling for earnings of 23 cents a share on revenue of $1.55 billion.
Oil giant Chevron (CVX - Get Report) is expected to issue its first-quarter interim update on Wednesday at 5 p.m. EDT.
Thermo Fisher Scientific (TMO) made a binding offer for Life Technologies (LIFE) on Tuesday, several people with the matter told Reuters. Meanwhile, private-equity firms Blackstone Group, Carlyle Group and Singapore's state investor Temasek were in talks with KKR & Co about securing the required equity and finalizing a consortium to take the genetic testing equipment maker private, the people said. Life Technologies has a current market value of more than $11 billion. , 5 Health Care Stocks Ready to Break Out
Bed Bath & Beyond (BBBY) is expected by analysts on Wednesday to post fourth-quarter earnings of $1.68 a share on revenue of $3.39 billion.
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