Athenahealth Posts Loss, Misses Street; Stock Down 10% - Quick Facts

(RTTNews) - athenahealth Inc (ATHN) Thursday reported first-quarter net loss of $8 million or $0.21 per share, compared with net earnings of $0.07 million or $0.02 per share last year.

Excluding items, adjusted earnings for the quarter were $4.4 million or $0.12 per share, compared with $14 million or $0.38 per share a year ago.

On average, 26 analysts polled by Thomson Reuters estimated earnings of $0.17 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter were up 30 percent at $163 million, compared with $125.6 million in the prior year.

Twenty-two analysts had a consensus revenue estimate of about $170 million for the quarter.

Results for the recent quarter included income tax benefit of $4.5 million, compared with $12.7 million a year ago.