Tivity Health: 2Q Earnings Snapshot
FRANKLIN, Tenn. (AP) _ Tivity Health (TVTY) on Thursday reported second-quarter net income of $23.6 million.
On a per-share basis, the Franklin, Tennessee-based company said it had net income of 54 cents. Earnings, adjusted to account for discontinued operations, came to 53 cents per share.
The results matched Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 53 cents per share.
The wellness program administrator posted revenue of $151.9 million in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $152.6 million.
Tivity Health expects full-year earnings to be $2.12 to $2.20 per share, with revenue in the range of $607 million to $625 million.
Tivity Health shares have dropped slightly more than 7 percent since the beginning of the year. The stock has decreased 11 percent in the last 12 months.