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Tabula Rasa Healthcare: 3Q Earnings Snapshot

·1 min read

MOORESTOWN, N.J. (AP) _ Tabula Rasa Healthcare Inc. (TRHC) on Tuesday reported a loss of $21.6 million in its third quarter.

On a per-share basis, the Moorestown, New Jersey-based company said it had a loss of 99 cents. Losses, adjusted for one-time gains and costs, came to 1 cent per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The developer of health care software posted revenue of $70.5 million in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $75.5 million.

Tabula Rasa Healthcare expects full-year revenue in the range of $294 million to $296 million.

Tabula Rasa Healthcare shares have fallen 24% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $37.09, a decline of 26% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRHC at https://www.zacks.com/ap/TRHC