U.S. Markets closed

Performant Financial: 2Q Earnings Snapshot

LIVERMORE, Calif. (AP) _ Performant Financial Corp. (PFMT) on Thursday reported a loss of $3.6 million in its second quarter.

The Livermore, California-based company said it had a loss of 7 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 5 cents per share.

The provider of audit and recovery services posted revenue of $31.3 million in the period.

Performant Financial expects full-year revenue in the range of $130 million to $150 million.

In the final minutes of trading on Thursday, the company's shares hit $2.09. A year ago, they were trading at $1.93.

_____

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