U.S. Markets closed

Performant Financial reports 3Q loss

LIVERMORE, Calif. (AP) _ Performant Financial Corp. (PFMT) on Tuesday reported a loss of $7.9 million in its third quarter.

On a per-share basis, the Livermore, California-based company said it had a loss of 15 cents. Losses, adjusted for non-recurring costs and stock option expense, were 13 cents per share.

The provider of audit and recovery services posted revenue of $29.7 million in the period.

In the final minutes of trading on Tuesday, the company's shares hit $1.86. A year ago, they were trading at $3.85.


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