Athenahealth, Inc. Q2 Profit Advances 9%

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

The company said its bottom line came in at $13.53 million, or $0.34 per share. This was higher than $12.40 million, or $0.32 per share, in last year's second quarter.

Analysts had expected the company to earn $0.42 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 16.6% to $261.94 million. This was up from $224.69 million last year.

Athenahealth, Inc. earnings at a glance:

-Earnings (Q2): $13.53 Mln. vs. $12.40 Mln. last year. -Earnings Growth (Y-o-Y): 9.1% -EPS (Q2): $0.34 vs. $0.32 last year. -EPS Growth (Y-o-Y): 6.2% -Analysts Estimate: $0.42 -Revenue (Q2): $261.94 Mln vs. $224.69 Mln last year. -Revenue Change (Y-o-Y): 16.6%

-Guidance: Full year EPS guidance: $1.65 - $1.85 Full year revenue guidance: $1085 - $1115 Mln