WebMD Health Earnings: Here’s Why Investors are Not Happy Now
WebMD Health Corp. (NASDAQ:WBMD) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 3.06%.
WebMD Health Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.05 in the quarter versus EPS of $-0.12 in the year-earlier quarter.
Revenue: Rose 11.21% to $125.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: WebMD Health Corp. reported adjusted EPS income of $0.05 per share. By that measure, the company missed the mean analyst estimate of $0.06. It beat the average revenue estimate of $124.43 million.
Quoting Management: “We are pleased to report strong second quarter results and reaffirm our increased revenue and earnings expectations for the balance of 2013,” said David J. Schlanger, Interim CEO, WebMD. “WebMD’s market leadership is demonstrated by our ability to meet the demands of consumers and physicians with health information and tools tailored to their specific interests at the right time on the right screen through our websites, mobile optimized sites and apps.”
Key Stats (on next page)…