athenahealth Inc (ATHN) Releases Earnings Results, Beats Expectations By $0.08 EPS

athenahealth Inc (ATHN) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.34 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.26. The company posted revenue of $256.15 million in the period, compared to analysts expectations of $248.49 million. The company’s revenue was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on athenahealth Inc. Shares were Upgraded by Topeka Capital Markets on Feb 8, 2016 to ” Buy” and Lowered the Price Target to $ 160 from a previous price target of $169 .

athenahealth Inc closed down -2.48 points or -1.74% at $139.8 with 3,16,646 shares getting traded on Wednesday. Post opening the session at $141.82, the shares hit an intraday low of $139.34 and an intraday high of $143.39 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Apr 26, 2016, Karl Stubelis (VP and Corporate Controller) sold 547 shares at $138.64 per share price. According to the SEC, on Apr 6, 2016, Ed Park (EVP and COO) sold 1,500 shares at $139.41 per share price. On Apr 4, 2016, Jonathan Bush (CEO and President) sold 4,000 shares at $138.16 per share price, according to the Form-4 filing with the securities and exchange commission.

athenahealth Inc. is a provider of cloud-based services and mobile applications for medical groups and health systems. The Company delivers cloud-based services for revenue cycle management and medical billing electronic health records (EHR) patient engagement care coordination population health management as well as clinical intelligence and decision support. Through these services the Company connects health care information and processes and drives results for more than 62000 health care providers in medical practices and health systems nationwide. The Company’s service offerings include the following: athenaCollector for revenue cycle management and medical billing; athenaClinicals for EHR management; athenaCommunicator for patient engagement and communication; athenaCoordinator for care coordination population health and financial and quality management and Epocrates for clinical intelligence and decision support services.

athenahealth Inc

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