WATERTOWN, Mass. (AP) _ Athenahealth Inc. (ATHN) reported fourth-quarter net income of $9.8 million.
On a per-share basis, the Watertown, Massachusetts-based company said it had net income of 24 cents. Earnings, adjusted for one-time gains and costs, were 62 cents per share.
The results topped Wall Street expectations. The average estimate of 19 analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The maker of billing and medical practice management software posted revenue of $288.2 million in the period, which missed Street forecasts. Seventeen analysts surveyed by Zacks expected $303.4 million.
For the year, the company reported profit of $21 million, or 52 cents per share. Revenue was reported as $1.08 billion.
Athenahealth expects full-year revenue in the range of $1.29 billion to $1.33 billion.
Athenahealth shares have increased 20 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $126.64, a fall of 10 percent in the last 12 months.
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