Healthstream Inc. (HSTM) Monday reported an increase in profit for the first quarter, as revenues improved by 25 percent over last year. Both earnings and revenues came in above analysts' expectations.
Net income for the quarter increased to $1.9 million or $0.07 per share from $1.4 million $0.05 per share in the same period last year.
On average, four analysts polled by Thomson Reuters expected the company to earn $0.06 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $29.6 million, up 25 percent from $23.7 million last year. Analysts expected revenues of $28.74 million.
Looking ahead, the company continues to expect full-year revenue growth in the order of 20 percent to 22 percent.
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