MedAssets Inc. (MDAS), a provider of technology enabled products and services for hospitals and health systems, Wednesday affirmed its earnings and revenue outlook for fiscal 2009. The company also provided forecast for fiscal 2010.
For fiscal 2009, MedAssets continues to expect earnings in the range of $0.31 - $0.37 per share and non-GAAP cash earnings in the range of $0.78 - $0.84 per share. The company also confirmed its full-year revenue forecast of $341 million to $345 million. The revenue outlook includes $206 million to $209 million from Revenue Cycle Management and $133 million to $136 million from Spend Management.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.82 per share on revenues of $342.28 million for fiscal 2009. Analysts' estimates typically exclude special items.
For fiscal 2010, the company expects earnings per share of $0.45 to $0.55 and non-GAAP cash earnings per share of $0.86 to $0.96. Revenue for the year is expected to be in the range of $390 million - $400 million.
Analysts expect the company to report earnings of $1.00 per share for fiscal 2010 on revenues of $397.54 million.
MDAS closed Tuesday's trading at $19.93, down $1.07, on a volume of 1.99 million shares.
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