MedAssets Earnings: Here’s Why Investors Don’t Like These Results
MedAssets, Inc. (NASDAQ:MDAS) 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 down 0.55%.
MedAssets, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 7.14% to $0.30 in the quarter versus EPS of $0.28 in the year-earlier quarter.
Revenue: Rose 4.72% to $170.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: MedAssets, Inc. reported adjusted EPS income of $0.30 per share. By that measure, the company beat the mean analyst estimate of $0.26. It beat the average revenue estimate of $167.79 million.
Key Stats (on next page)…