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Benefitfocus: 1Q Earnings Snapshot

CHARLESTON, S.C. (AP) _ Benefitfocus Inc. (BNFT) on Wednesday reported a loss of $14.2 million in its first quarter.

On a per-share basis, the Charleston, South Carolina-based company said it had a loss of 44 cents. Losses, adjusted for stock option expense and costs related to mergers and acquisitions, were 21 cents per share.

The results matched Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for a loss of 21 cents per share.

The human resources software provider posted revenue of $68.3 million in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $67.7 million.

For the current quarter ending in July, Benefitfocus expects its results to range from a loss of 46 cents per share to a loss of 40 cents per share.

The company said it expects revenue in the range of $66.5 million to $68.5 million for the fiscal second quarter.

Benefitfocus expects full-year results to range from a loss of 83 cents per share to a loss of 68 cents per share, with revenue ranging from $301 million to $309 million.

Benefitfocus shares have decreased 13% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $39.81, a rise of 30% 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 BNFT at https://www.zacks.com/ap/BNFT