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Performant Financial: 3Q Earnings Snapshot

·1 min read

LIVERMORE, Calif. (AP) _ Performant Financial Corp. (PFMT) on Tuesday reported third-quarter net income of $2 million, after reporting a loss in the same period a year earlier.

The Livermore, California-based company said it had net income of 4 cents per share. Earnings, adjusted for stock option expense and pretax expenses, were 6 cents per share.

The provider of audit and recovery services posted revenue of $36.2 million in the period.

In the final minutes of trading on Tuesday, the company's shares hit 94 cents. A year ago, they were trading at $1.03.

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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 PFMT at https://www.zacks.com/ap/PFMT