Plus   Neg

Athenahealth, Inc. Q2 adjusted earnings Beat Estimates

Athenahealth, Inc. (ATHN) revealed earnings for its second quarter that advanced from the same period last year.

The company's earnings came in at $36.4 million, or $0.89 per share. This compares with $9.9 million, or $0.24 per share, in last year's second quarter.

Excluding items, Athenahealth, Inc. reported adjusted earnings of $44.6 million or $1.09 per share for the period.

Analysts had expected the company to earn $0.91 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.4% to $323.3 million from $301.1 million last year.

Athenahealth, Inc. earnings at a glance:

-Earnings (Q2): $44.6 Mln. vs. $20.5 Mln. last year.
-EPS (Q2): $1.09 vs. $0.51 last year.
-Analysts Estimate: $0.91
-Revenue (Q2): $323.3 Mln vs. $301.1 Mln last year.

Full year revenue guidance: $1335 - $1365 Mln

For comments and feedback contact: editorial@rttnews.com

Follow RTT