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Alliance HealthCare reports 4Q loss

NEWPORT BEACH, Calif. (AP) _ Alliance HealthCare Services Inc. (AIQ) on Thursday reported a loss of $2.1 million in its fourth quarter.

On a per-share basis, the Newport Beach, California-based company said it had a loss of 20 cents. Earnings, adjusted for non-recurring costs and severance costs, came to 11 cents per share.

The radiology and radiation therapy service provider posted revenue of $129.4 million in the period.

For the year, the company reported profit of $493,000, or 4 cents per share. Revenue was reported as $505.5 million.

Alliance HealthCare expects full-year revenue in the range of $529 million to $540 million.

Alliance HealthCare shares have increased nearly 3 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.85, an increase of 22 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIQ at https://www.zacks.com/ap/AIQ


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