MedAssets Inc. (MDAS) reported third quarter net income attributable to common stockholders of $3.7 million or $0.07 per share, compared to a net loss of $4.6 million or a loss of $0.40 per share, in the third quarter of 2007.
Adjusted earnings per share for the third quarter was $0.15, excluding non-cash acquisition-related intangible amortization on a tax-adjusted basis.
Total net revenue for the third quarter increased 54.2% to $76.0 million, from $49.3 million in the third quarter of 2007.
Analysts polled by First Call/Thomson Financial expected the company to report earnings of $0.13 per share on revenues of $73.13 million for the quarter.
For fiscal 2008, total net revenue is still expected to be in the range of $272 million - $276 million, and adjusted EPS to be $0.51 - $0.55.
Analysts expect the company to report earnings of $0.52 per share on revenues of $273.67 million for fiscal 2008.
For fiscal 2009, the company expects total net revenue to be between $346 million and $354 million, and adjusted EPS $0.54 - $0.62
Analysts expect the company to report earnings of $0.70 per share on revenues of $348.77 million for fiscal 2009.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.