Athenahealth Reaffirms FY14 Outlook; Initiates FY15 Guidance

(RTTNews) - athenahealth, Inc. (ATHN) on Wednesday reaffirmed financial guidance for fiscal year 2014, but said it expects revenue to be at or above the mid-point of the $725 million to $755 million guidance range and adjusted earnings to be close to the high end of the $0.98 to $1.10 per share guidance range.

Analysts polled by Thomson Reuters currently expect the company to earn $1.10 per share on revenue of $747.19 million for the fiscal year 2014.

For the fiscal year 2015, the company forecasts revenue of $900 million to $925 million and adjusted earnings of $1.20 to $1.30 per share. Analysts polled by Thomosn Reuters currently expect the company to earn $1.25 per share on revenue of $923.85 million for the fiscal year 2015.

"We are very excited about the significant market opportunities ahead of us and are pleased to present an ambitious financial plan for fiscal year 2015. We expect that our investments will be prioritized around building the necessary teams, processes, and services to continue our growth trajectory as we expand to support the full continuum of care," said Kristi Matus, chief financial and administrative officer of athenahealth.