WebMD Health Corp. (WBMD) reported a first quarter loss of $0.03 per share after the bell Tuesday, compared to the loss of $0.14 per share in the previous year. The consensus estimate was for a loss of $0.15. The company now expects to report a full year loss of $0.26 to $0.03, compared to prior guidance of $0.45 to $0.13. The consensus estimate is for a loss of $0.30.
WebMD Health gapped up sharply Wednesday and has spiked higher in early trade. Shares are now up 4.79 at $30.30. The stock has surged to a new high for the year.
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