U.S. Markets open in 7 hrs 42 mins

Performant Financial reports 2Q loss

LIVERMORE, Calif. (AP) _ Performant Financial Corp. (PFMT) on Tuesday reported a second-quarter loss of $2.4 million, after reporting a profit in the same period a year earlier.

The Livermore, California-based company said it had a loss of 5 cents per share. Losses, adjusted for one-time gains and costs, came to 1 cent per share.

The provider of audit and recovery services posted revenue of $35.9 million in the period.

Performant Financial expects full-year revenue in the range of $125 million to $145 million.

The company's shares closed at $2. A year ago, they were trading at $2.14.


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