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Tabula Rasa Healthcare reports 4Q loss

MOORESTOWN, N.J. (AP) _ Tabula Rasa Healthcare Inc. (TRHC) on Monday reported a loss of $6 million in its fourth quarter.

On a per-share basis, the Moorestown, New Jersey-based company said it had a loss of 39 cents. Earnings, adjusted for one-time gains and costs, were 10 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.

The developer of health care software posted revenue of $27.3 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $25.5 million.

For the year, the company reported a loss of $6.9 million, or 59 cents per share. Revenue was reported as $94.1 million.

For the current quarter ending in April, Tabula Rasa Healthcare said it expects revenue in the range of $25.5 million to $26.5 million.

The company expects full-year revenue in the range of $116 million to $118 million.

Tabula Rasa Healthcare shares have decreased 6 percent since the beginning of the year.


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


Keywords: Tabula Rasa Healthcare, Earnings Report