Tabula Rasa Healthcare: 2Q Earnings Snapshot
Aug. 07, 2018
MOORESTOWN, N.J. (AP) _ Tabula Rasa Healthcare Inc. (TRHC) on Tuesday reported a loss of $29 million in its second quarter.
On a per-share basis, the Moorestown, New Jersey-based company said it had a loss of $1.53. Earnings, adjusted for one-time gains and costs, were 20 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.
The developer of health care software posted revenue of $48.6 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $46.7 million.
For the current quarter ending in October, Tabula Rasa Healthcare said it expects revenue in the range of $52 million to $53 million.
The company expects full-year revenue in the range of $190 million to $200 million.
Tabula Rasa Healthcare shares have more than doubled since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $61.01, more than quadrupling in the last 12 months.