U.S. markets closed
  • S&P 500

    3,841.94
    +73.47 (+1.95%)
     
  • Dow 30

    31,496.30
    +572.20 (+1.85%)
     
  • Nasdaq

    12,920.15
    +196.65 (+1.55%)
     
  • Russell 2000

    2,192.21
    +45.29 (+2.11%)
     
  • Crude Oil

    66.28
    +0.19 (+0.29%)
     
  • Gold

    1,698.20
    -0.30 (-0.02%)
     
  • Silver

    25.30
    +0.01 (+0.03%)
     
  • EUR/USD

    1.1916
    -0.0063 (-0.52%)
     
  • 10-Yr Bond

    1.5540
    +0.0040 (+0.26%)
     
  • GBP/USD

    1.3834
    -0.0060 (-0.43%)
     
  • USD/JPY

    108.3200
    +0.3440 (+0.32%)
     
  • BTC-USD

    50,237.16
    +1,733.43 (+3.57%)
     
  • CMC Crypto 200

    982.93
    +39.75 (+4.21%)
     
  • FTSE 100

    6,630.52
    -20.36 (-0.31%)
     
  • Nikkei 225

    28,864.32
    -65.78 (-0.23%)
     

Change Healthcare: Fiscal 3Q Earnings Snapshot

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

NASHVILLE, Tenn. (AP) _ Change Healthcare Inc. (CHNG) on Wednesday reported fiscal third-quarter net income of $2.2 million.

On a per-share basis, the Nashville, Tennessee-based company said it had net income of 1 cent. Earnings, adjusted for one-time gains and costs, were 34 cents per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

The health care technology company posted revenue of $785.1 million in the period, which did not meet Street forecasts. Eight analysts surveyed by Zacks expected $785.9 million.

Change Healthcare shares have increased 28% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $23.86, an increase of 54% 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 CHNG at https://www.zacks.com/ap/CHNG