Tivity Health: 4Q Earnings Snapshot
FRANKLIN, Tenn. (AP) _ Tivity Health (TVTY) on Tuesday reported fourth-quarter earnings of $28.5 million.
On a per-share basis, the Franklin, Tennessee-based company said it had profit of 67 cents. Earnings, adjusted for non-recurring costs, came to 73 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.
The wellness program administrator posted revenue of $153 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $153.7 million.
For the year, the company reported profit of $98.8 million, or $2.29 per share. Revenue was reported as $606.3 million.
Tivity Health expects full-year revenue in the range of $612 million to $627 million.
Tivity Health shares have dropped 13 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $21.65, a decline of 44 percent in the last 12 months.