FRANKLIN, Tenn. (AP) _ Healthways Inc. (TVTY) on Thursday reported first-quarter net income of $15.3 million, after reporting a loss in the same period a year earlier.
The Franklin, Tennessee-based company said it had profit of 38 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, were 42 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.
The wellness program administrator posted revenue of $141 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $136.6 million.
Healthways shares have increased 30 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $29.55, 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