Athenahealth Earnings: Here’s Why the Stock is Rising Now
Athenahealth, Inc. (NASDAQ:ATHN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.02%.
Athenahealth, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 123.53% to $0.38 in the quarter versus EPS of $0.17 in the year-earlier quarter.
Revenue: Rose 30.06% to $125.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Athenahealth, Inc. reported adjusted EPS income of $0.38 per share. By that measure, the company beat the mean analyst estimate of $0.23. It beat the average revenue estimate of $121.14 million.
Quoting Management: “Delivering value by making health care work as it should is our focus. We’re no longer just taking on administrative work. Our expanding set of services connects clients to non-clients across the cloud-based health information backbone we’ve built. We make it possible for historically incompatible systems to communicate and we’re changing the game when it comes to access to influential clinical content,” said Jonathan Bush, the Company’s Chairman and Chief Executive Officer. “With the acquisition of mobile clinical app leader Epocrates, we’re now front-and-center for caregivers across the country. And with our launch of athenaClarity, we’ve activated patient population surveillance and management. And our relationship with clients and prospects has matured as well. We’re evolving from a disruptor into a known and trusted source – a partner that helps providers thrive through change.”
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