WebMD Health Corp. (WBMD), Thursday announced financial results for the second quarter, reporting a drop in net income from the same quarter a year ago. Earnings from continuing operations, however, increased from the same quarter last year and came in ahead of Street expectations. Quarterly revenues also increased and edged slightly above Streets view. The company further provided revenue forecast for the third quarter and also revised its guidance for the full year.
New York based WebMD Health's quarterly earnings dropped to $2.1 million or $0.04 per share from $6.4 million or $0.11 per share in the same quarter last year.
Quarterly net income from continuing operations , however, increased to $7.0 million or $0.12 per share, from $5.7 million or $0.10 per share in the same quarter a year ago, above the Street's estimate.
On average, eight analysts polled by Thomson Reuters expected the company to report earnings of $0.10 per share. Analysts' estimates typically exclude special items such as one time charges or gains.
Loss from discontinued operations for the quarter was $4.9 million , compared to income from discontinued operations of $663 thousand in the comparable quarter a year ago.
Revenue for the second quarter increased 15% to $98.6 million from $86.0 million in the same quarter a year ago, slightly above the Street's view of $98.43 million.
For the six months period, the company reported a profit of $4.899 million or $0.09 per share, compared to a loss of $16.983 million or $0.29 per share in the same period a year ago.
Income from continuing operations for the period was $10.189 million or $0.17 per share, compared to loss from continuing operations of $17.274 million or $0.30 per share in the same period last year.
Revenues for the six-month period increased to $188.895 million from $166.654 million in the corresponding period last year.
Looking forward to the third quarter, the company expects revenue in the range of $109 million to $112 million, while the Street currently expects revenues of $110.17 million.
For the full-year 2009, the company revised its forecast for earnings from continuing operations, and now expects in the range of $31 million to $41 million, or $0.51 per share to $0.66 per share.
The forecast provided earlier was in the range of $28 million to $41 million or $0.46 per share to $0.66 per share.
Street expects earnings of $0.57 per share for the full year.
The company also adjusted its lower end of revenue forecast provided earlier and now expects revenues in the range of $420 million to $440 million. The previous guidance was in the range of $410 million to $440 million.
Wall Street analysts currently expect revenues of $423.46 million.
WBMD is currently trading at $31.26, down $0.07 or 0.22%, on a volume of 0.22 million shares on the Nasdaq.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.