U.S. Markets closed

Castlight reports 1Q loss

SAN FRANCISCO (AP) _ Castlight Health Inc. (CSLT) on Wednesday reported a loss of $14.8 million in its first quarter.

The San Francisco-based company said it had a loss of 14 cents per share. Losses, adjusted for stock option expense and costs related to mergers and acquisitions, were 5 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.

The online health care software company posted revenue of $27.7 million in the period.

Castlight expects full-year earnings in the range of 24 cents to 28 cents per share, with revenue in the range of $132 million to $136 million.

In the final minutes of trading on Wednesday, the company's shares hit $4.15. A year ago, they were trading at $3.91.


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


Keywords: Castlight Health, Earnings Report