Athenahealth, Inc. Profit Drops 5% In Q3

(RTTNews) - Athenahealth, Inc. (ATHN) announced earnings for third quarter that dropped compared to the same period last year.

The company said its earnings totaled $22.9 million, or $0.56 per share. This was down from $24.1 million, or $0.60 per share, in last year's third quarter.

Analysts had expected the company to earn $0.50 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 10.1% to $304.6 million. This was up from $276.7 million last year.

Athenahealth, Inc. earnings at a glance:

-Earnings (Q3): $22.9 Mln. vs. $24.1 Mln. last year. -Earnings Decline (Y-o-Y): -5.0% -EPS (Q3): $0.56 vs. $0.60 last year. -EPS Decline (Y-o-Y): -6.7% -Analysts Estimate: $0.50 -Revenue (Q3): $304.6 Mln vs. $276.7 Mln last year. -Revenue Change (Y-o-Y): 10.1%

-Guidance: Full year revenue guidance: $1.200 - $1.220 Bln