MModal Inc. (MODL) reported second-quarter net income attributable to the company of $3 million or $0.05 per share versus $5.1 million or $0.11 per share last year.
Adjusted net income for the quarter fell to $11.8 million or $0.21 per share from $16.3 million or $0.31 per share in the previous year.
On average, 4 analysts polled by Thomson Reuters expected the company to report earnings of $0.27 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues rose to $116 million from $108.4 million in the year-ago quarter. Four analysts had a consensus revenue estimate of $119.28 million for the quarter.
For comments and feedback: editorial@rttnews.com