2 Rising Healthcare Stocks to Watch Now
Athenahealth, Inc. (NASDAQ:ATHN) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Net income increased 10.69% to $5.9 million (28 cents per diluted share adjusted) in the quarter versus a net gain of $5.33 million in the year-earlier quarter. Revenue rose 25.72% to $116.3 million from the year-earlier quarter.
Athenahealth, Inc. reported adjusted net income of 28 cents per share. By that measure, the company met the mean analyst estimate of $0.28. It missed the average revenue estimate of $116.97 million.