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HMS Holdings Corp. Q1 adjusted earnings Beat Estimates

HMS Holdings Corp. (HMSY) revealed earnings for first quarter that declined from last year.

The company's bottom line totaled $12.68 million, or $0.14 per share. This compares with $19.64 million, or $0.22 per share, in last year's first quarter.

Excluding items, HMS Holdings Corp. reported adjusted earnings of $28.86 million or $0.32 per share for the period.

Analysts had expected the company to earn $0.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.9% to $171.41 million from $147.95 million last year.

HMS Holdings Corp. earnings at a glance:

-Earnings (Q1): $28.86 Mln. vs. $30.70 Mln. last year.
-EPS (Q1): $0.32 vs. $0.35 last year.
-Analysts Estimate: $0.25
-Revenue (Q1): $171.41 Mln vs. $147.95 Mln last year.

Full year revenue guidance: $690 - $705 Mln

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