HMS Holdings Q2 Profit Down - Quick Facts

(RTTNews) - HMS Holdings Corp.'s (HMSY) second-quarter net income declined to $10.4 million or $0.12 per share from $13.0 million or $0.15 per share in the year ago quarter.

Adjusted earnings per share decreased 13.0% year over year to $0.20 from $0.23 last year.

Quarterly revenue was $125.8 million, an increase of 4.8% compared to revenue of $120.1 million for the same period a year ago.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.21 per share and revenues of $123.69 million for the quarter. Analysts' estimates typically exclude special items.

"Our financial results for the quarter were in line with our revised guidance, and we are affirming our full year 2013 guidance," said Bill Lucia, Chief Executive Officer of HMS.

The company said in April that the company said it revised its revenue guidance to $495 million - $525 million from prior expectations of $570 million - $600 million, and earnings per share outlook to $0.57-$0.63 from $0.63-$0.70. Adjusted earnings per share forecast was updated to $0.89-$0.95 from earlier range of $0.95-$1.02. Analysts estimate the company to report earnings per share of $0.89 per share, on revenues of $506.09 million for fiscal 2013.