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Benefitfocus reports 4Q loss

CHARLESTON, S.C. (AP) _ Benefitfocus Inc. (BNFT) on Thursday reported a loss of $7.1 million in its fourth quarter.

The Charleston, South Carolina-based company said it had a loss of 24 cents per share. Losses, adjusted for stock option expense and amortization costs, came to 9 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.

The human resources software provider posted revenue of $62.6 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $62.8 million.

For the year, the company reported that its loss narrowed to $40.1 million, or $1.35 per share. Revenue was reported as $233.3 million.

For the current quarter ending in April, Benefitfocus expects its results to range from a loss of 15 cents per share to a loss of 11 cents per share.

The company said it expects revenue in the range of $62.5 million to $63.5 million for the fiscal first quarter.

Benefitfocus expects full-year results to range from a loss of 37 cents per share to a loss of 24 cents per share, with revenue ranging from $263.5 million to $268.5 million.

Benefitfocus shares have decreased 4.5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $28.35, a climb of 10 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 BNFT at https://www.zacks.com/ap/BNFT


Keywords: Benefitfocus, Earnings Report