athenaHealth misses by $0.14, misses on revs; guides FY17 revs below consensus:
- Reports Q1 (Mar) earnings of $0.32 per share, excluding non-recurring items, $0.14 worse than the Capital IQ Consensus of $0.46; revenues rose 11.4% year/year to $285.4 mln vs the $296.49 mln Capital IQ Consensus.
- "We're making progress on our strategic priorities. In the first quarter, we continued to reduce client work, enhance our offering in the small hospital market, and invest in our platform to support our growth," said Karl Stubelis, chief financial officer, athenahealth."While we grew the topline more than 11%, revenue during the first quarter came in below our expectations and we're revising our outlook for the year. Beyond 2017, we remain confident in the opportunity we have to drive long-term revenue and earnings growth."
- Co issues downside guidance for FY17, sees FY17 revs of $1210.0-$1.250 bln vs. $1.29 bln Capital IQ Consensus Estimate.
- Sees Non-GAAP adjusted operating income between $120 mln-$140 mln
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