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Performant Financial reports 4Q loss

LIVERMORE, Calif. (AP) _ Performant Financial Corp. (PFMT) on Wednesday reported a fourth-quarter loss of $12.3 million, after reporting a profit in the same period a year earlier.

The Livermore, California-based company said it had a loss of 24 cents per share. Losses, adjusted for one-time gains and costs, were 3 cents per share.

The provider of audit and recovery services posted revenue of $33.8 million in the period.

For the year, the company reported that its loss widened to $11.5 million, or 23 cents per share. Revenue was reported as $141.4 million.

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

In the final minutes of trading on Wednesday, the company's shares hit $1.77. A year ago, they were trading at $1.70.


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