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Performant Financial: 1Q Earnings Snapshot

LIVERMORE, Calif. (AP) _ Performant Financial Corp. (PFMT) on Tuesday reported a loss of $12.5 million in its first quarter.

The Livermore, California-based company said it had a loss of 23 cents per share. Earnings, adjusted for one-time gains and costs, came to 4 cents per share.

The provider of audit and recovery services posted revenue of $45.9 million in the period.

In the final minutes of trading on Tuesday, the company's shares hit 78 cents. A year ago, they were trading at $1.40.


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