Athenahealth, Inc. Q3 Income Rises 38%

(RTTNews) - Athenahealth, Inc. (ATHN) released a profit for its third quarter that climbed from last year.

The company said its bottom line rose to $14.30 million, or $0.36 per share. This was up from $10.39 million, or $0.27 per share, in last year's third 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 24.0% to $236.07 million. This was up from $190.43 million last year.

Athenahealth, Inc. earnings at a glance:

-Earnings (Q3): $14.30 Mln. vs. $10.39 Mln. last year. -Earnings Growth (Y-o-Y): 37.6% -EPS (Q3): $0.36 vs. $0.27 last year. -EPS Growth (Y-o-Y): 33.3% -Analysts Estimate: $0.26 -Revenue (Q3): $236.07 Mln vs. $190.43 Mln last year. -Revenue Change (Y-o-Y): 24.0%

-Guidance: Full year EPS guidance: $1.10 - $1.20 Full year revenue guidance: $905 - $925 Mln