Athenahealth, Inc. Reports 53% Increase In Q2 Earnings

(RTTNews) - Athenahealth, Inc. (ATHN) reported earnings for its second quarter that climbed from last year.

The company said its bottom line climbed to $20.5 million, or $0.51 per share. This was higher than $13.4 million, or $0.34 per share, in last year's second quarter.

Analysts had expected the company to earn $0.39 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 15.0% to $301.1 million. This was up from $261.9 million last year.

Athenahealth, Inc. earnings at a glance:

-Earnings (Q2): $20.5 Mln. vs. $13.4 Mln. last year. -Earnings Growth (Y-o-Y): 53.0% -EPS (Q2): $0.51 vs. $0.34 last year. -EPS Growth (Y-o-Y): 50.0% -Analysts Estimate: $0.39 -Revenue (Q2): $301.1 Mln vs. $261.9 Mln last year. -Revenue Change (Y-o-Y): 15.0%

-Guidance: Full year revenue guidance: $1,210 - $1,250 Mln