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Performant Financial: 4Q Earnings Snapshot

LIVERMORE, Calif. (AP) _ Performant Financial Corp. (PFMT) on Tuesday reported a loss of $3.9 million in its fourth quarter.

On a per-share basis, the Livermore, California-based company said it had a loss of 7 cents. Earnings, adjusted for one-time gains and costs, were 3 cents per share.

The provider of audit and recovery services posted revenue of $43.8 million in the period.

For the year, the company reported that its loss widened to $26.8 million, or 50 cents per share. Revenue was reported as $150.4 million.

Performant Financial expects full-year revenue in the range of $170 million to $180 million.

In the final minutes of trading on Tuesday, the company's shares hit 90 cents. A year ago, they were trading at $2.03.


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