Tabula Rasa Healthcare: 3Q Earnings Snapshot
MOORESTOWN, N.J. (AP) _ Tabula Rasa Healthcare Inc. (TRHC) on Tuesday reported third-quarter net income of $10.4 million.
On a per-share basis, the Moorestown, New Jersey-based company said it had net income of 47 cents. Earnings, adjusted for one-time gains and costs, came to 26 cents per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.
The developer of health care software posted revenue of $54.4 million in the period, which topped Street forecasts. Six analysts surveyed by Zacks expected $53 million.
For the current quarter ending in December, Tabula Rasa Healthcare said it expects revenue in the range of $53 million to $58 million.
The company expects full-year revenue in the range of $200 million to $205 million.
Tabula Rasa Healthcare shares have more than doubled since the beginning of the year. The stock has more than doubled in the last 12 months.