athenaHealth misses by $0.08, misses on revs; reaffirms FY16 EPS guidance, revs guidance; COO to resign :
- Reports Q2 (Jun) earnings of $0.34 per share, $0.08 worse than the Capital IQ Consensus of $0.42; revenues rose 16.6% year/year to $261.9 mln vs the $274.16 mln Capital IQ Consensus.
- Non-GAAP Adjusted Gross Margin was 62.8%, compared to 63.3% in the same period last year.
- Co reaffirms guidance for FY16, sees EPS at or above mid-point of $1.65-$1.85 guidance range, vs. $1.80 Capital IQ Consensus Estimate; sees FY16 revs at or above mid-point of $1.085-$1.115 bln guidance range, vs. $1.12 bln Capital IQ Consensus Estimate. Sees Non-GAAP Adj. Gross Margin of 63.5-64.5% and Adj. Operating Income of $120-$135 mln.
- The company also announced that chief operating officer Ed Park will begin a yearend transition from his current role and is expected to thereafter be elected to the board of directors.
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