Athenahealth, Inc. Q1 Profit Rises 47%

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

The company said its bottom line climbed to $13.41 million, or $0.34 per share. This was up from $9.14 million, or $0.24 per share, in last year's first quarter.

Analysts had expected the company to earn $0.26 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 24.1% to $256.15 million. This was up from $206.43 million last year.

Athenahealth, Inc. earnings at a glance:

-Earnings (Q1): $13.41 Mln. vs. $9.14 Mln. last year. -Earnings Growth (Y-o-Y): 46.7% -EPS (Q1): $0.34 vs. $0.24 last year. -EPS Growth (Y-o-Y): 41.7% -Analysts Estimate: $0.26 -Revenue (Q1): $256.15 Mln vs. $206.43 Mln last year. -Revenue Change (Y-o-Y): 24.1%

-Guidance: Full year EPS guidance: $1.65 - $1.85 Full year revenue guidance: $1.09 - $1.12 Bln