U.S. Markets closed

Healthways tops 4Q profit forecasts

FRANKLIN, Tenn. (AP) _ Healthways Inc. (TVTY) on Thursday reported fourth-quarter net income of $6.9 million, after reporting a loss in the same period a year earlier.

The Franklin, Tennessee-based company said it had net income of 17 cents per share. Earnings, adjusted to account for discontinued operations and non-recurring costs, came to 35 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.

The wellness program administrator posted revenue of $124.9 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $125.4 million.

For the year, the company reported that its loss widened to $129.1 million, or $3.39 per share. Revenue was reported as $501 million.

Healthways expects full-year earnings in the range of $1.44 to $1.52 per share, with revenue in the range of $540 million to $550 million.

Healthways shares have increased 20 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $27.28, more than doubling 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 TVTY at https://www.zacks.com/ap/TVTY


Keywords: Healthways, Earnings Report