SXC Health Solutions, Corp. (SXCI, SXC.TO) announced that its third-quarter GAAP net income increased to US$11.2 million, or US$0.43 per share, from US$3.5 million, or US$0.15 per share in the year ago quarter.
Adjusted net-income for the quarter was US$12.24 million, up from US$5.78 million in the year ago quarter. Adjusted earnings per share for the quarter was US$0.47, compared to US$0.24 in the prior year quarter.
Revenue for the quarter was US$383.5 million, up from US$318.1 million in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of US$0.37 per share on revenues of US$370.21 million for the quarter. Analysts' estimates typically exclude special items.
For fiscal 2009, the company now expects revenue to be in the range of US$1.375 billion-US$1.425 billion, compared to the prior estimate of US$1.35 billion- US$1.4 billion.
GAAP earnings per share for fiscal 2009 are now expected to be in the range of US$1.57-US$1.62, compared to prior estimate of US$1.42-US$1.50 per share. Non-GAAP adjusted earnings per share for fiscal 2009 are now anticipated to be in the range of US$1.76-US$1.81, compared to the previous estimate of US$1.62-US$1.70 per share.
Analysts expect the company to report earnings of US$1.48 per share on revenues of US$1.34 billion for fiscal 2009.
For comments and feedback: editorial@rttnews.com