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Performant Financial reports 1Q loss

LIVERMORE, Calif. (AP) _ Performant Financial Corp. (PFMT) on Tuesday reported a first-quarter loss of $3 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Livermore, California-based company said it had a loss of 6 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 4 cents per share.

The provider of audit and recovery services posted revenue of $33.1 million in the period.

In the final minutes of trading on Tuesday, the company's shares hit $2.26. A year ago, they were trading at $1.62.


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


Keywords: Performant Financial, Earnings Report