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Change Healthcare: Fiscal 1Q Earnings Snapshot

NASHVILLE, Tenn. (AP) _ Change Healthcare Inc. (CHNG) on Tuesday reported fiscal first-quarter net income of $71.9 million.

On a per-share basis, the Nashville, Tennessee-based company said it had profit of 28 cents. Earnings, adjusted for non-recurring costs, were 56 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.

The health care technology company posted revenue of $855.6 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $779 million.


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