Athenahealth Profit Crushes Estimates, Reaffirms FY Guidance; Stock Up 6%

(RTTNews) - athenahealth Inc (ATHN) on Thursday reported first-quarter net loss of $8.8 million or $0.23 per share compared with a loss of $ million or $0. per share last year.

Excluding stock-based compensation expense, amortization charges and other items, adjusted earnings for the quarter were $0.24 per share compared with earnings of $0.12 per share a year ago.

Revenues for the quarter were up 27% at $206.4 million compared with $163 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.14 per share on revenues of $205.1 million for the quarter. Analysts' estimates typically exclude special items.

Expenses for the quarter rose to $218 million from $174 million last year.

For the full year 2015, the company still expects adjusted earnings of $1.10 to $1.20 per share on revenues of $905 to $925 million. Analysts expect earnings of $1.16 per share on revenues of $919.7 million.

athenahealth provides cloud-based services and mobile applications for medical groups and health systems.