WebMD Health Corp. (WBMD) Tuesday said first-quarter loss narrowed to $1.5 million or $0.03 per share from $7.8 million or $0.14 per share in the prior-year period.
On average, six analysts polled by Thomson Reuters expected the company to report a loss of $0.15 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $112.8 million, up from $106.9 million last year. Analysts expecetd revenues of $106.64 million.
Looking ahead to the second quarter, WebMD has forecast a loss of approximately 1 percent of revenue, with revenues expected to grow above $115 million. Analysts currently expects a loss of $0.09 per share and revenues of $107.88 million for the second quarter.
For the fiscal 2013, the company has raised its outlook, reflecting its improved outlook in its public portal advertising business, particularly as it relates to its pharmaceutical clients.
The company currently expects a full-year loss in the range of $0.26 to $0.03 per share. This compares to the previous guidance range of $0.45 to $0.13 per share. Revenues are currently projected in a range of $450 million to $470 million, up from $430 million to $455 million, issued previously.
Analysts currently expect the company to report full-year loss of $0.30 per share on revenues of $444.01 million.
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