MModal Inc. (MODL) reported second-quarter net income attributable to the company of $3.0 million or $0.05 per share, compared to $5.1 million or $0.11 per share last year.
Adjusted net income for the quarter dropped to $11.8 million or $0.21 per share from $16.3 million or $0.31 per share in the prior year quarter.
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 6.9% to $115.95 million from $108.44 million in the year-ago quarter, while four analysts had a consensus revenue estimate of $119.03 million for the quarter.
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