Athenahealth, Inc. Q1 Profit Retreats 7%

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

The company said its bottom line came in at $12.5 million, or $0.32 per share. This was lower than $13.4 million, or $0.34 per share, in last year's first quarter.

Analysts had expected the company to earn $0.47 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.4% to $285.4 million. This was up from $256.1 million last year.

Athenahealth, Inc. earnings at a glance:

-Earnings (Q1): $12.5 Mln. vs. $13.4 Mln. last year. -Earnings Decline (Y-o-Y): -6.7% -EPS (Q1): $0.32 vs. $0.34 last year. -EPS Decline (Y-o-Y): -5.9% -Analysts Estimate: $0.47 -Revenue (Q1): $285.4 Mln vs. $256.1 Mln last year. -Revenue Change (Y-o-Y): 11.4%

-Guidance: Full year revenue guidance: $1210 - $1250 Mln