MedAssets Turns To Profit In Q4

(RTTNews) - MedAssets Inc. (MDAS) posted fourth-quarter net income of $7.8 million or $0.13 per share, compared to net loss of $14.4 million or $0.25 per share in the comparable quarter last year.

Adjusted earnings for the latest fourth quarter rose to $0.30 per share from $0.27 per share last year. On average, 21 analysts expected earnings of $0.28 per share. Analysts; estimates typically exclude special items.

Total revenue for the latest fourth quarter rose 4.1% to $170.5 million from $163.8 million in the prior year quarter. Analysts expected revenue of $165.64 million for the quarter.

Looking ahead to fiscal 2014, the company expects GAAP earnings in the range of $0.57 per share to $0.67 per share, adjusted earnings in range of $1.33 per share to $1.43 per share and total revenue of $700.0 million to $714.0 million. Analysts currently expects earnings of $1.40 per share on revenue of $709.49 million.