Tivity Health: 2Q Earnings Snapshot
FRANKLIN, Tenn. (AP) _ Tivity Health (TVTY) on Wednesday reported second-quarter earnings of $18.1 million.
The Franklin, Tennessee-based company said it had net income of 37 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and amortization costs, were 64 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 66 cents per share.
The wellness program administrator posted revenue of $340.4 million in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $338.6 million.
Tivity Health expects full-year earnings in the range of $2.14 to $2.32 per share, with revenue in the range of $1.13 billion to $1.14 billion.
Tivity Health shares have fallen 33% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.54, a fall of 52% in the last 12 months.