Health Catalyst: Q1 Earnings Snapshot
SOUTH JORDAN, Utah (AP) — SOUTH JORDAN, Utah (AP) — Health Catalyst Inc. (HCAT) on Tuesday reported a loss of $33.2 million in its first quarter.
On a per-share basis, the South Jordan, Utah-based company said it had a loss of 60 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 5 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 4 cents per share.
The provider of data analytics for the health care industry posted revenue of $73.9 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $71.2 million.
For the current quarter ending in June, Health Catalyst said it expects revenue in the range of $70.3 million to $74.3 million.
The company expects full-year revenue in the range of $290 million to $295 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HCAT at https://www.zacks.com/ap/HCAT
