WebMD Health Earnings: Here’s Why the Stock is Rising Now
WebMD Health Corp. (NASDAQ:WBMD) 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 14.11%.
WebMD Health Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 75.76% to $0.08 in the quarter versus EPS of $0.33 in the year-earlier quarter.
Revenue: Decreased 11.92% to $132.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: WebMD Health Corp. reported adjusted EPS income of $0.08 per share. By that measure, the company beat the mean analyst estimate of $-0.04. It beat the average revenue estimate of $124.14 million.
Quoting Management: “During the fourth quarter, we took actions to streamline operations and reduce costs,” said Cavan M. Redmond, Chief Executive Officer of WebMD. “We enter 2013 as a more nimble organization that is well positioned to meet the needs of our users and clients in a dynamic and demanding marketplace. We will build on our strengths in providing consumers and physicians with trusted content and valuable tools across a market leading multi-screen platform.”
Key Stats (on next page)…