WebMD Health Corp. (WBMD) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.36 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.33. The company posted revenue of $158.60 million in the period, compared to analysts expectations of $156.57 million. The company’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.
Many Wall Street Analysts have commented on WebMD Health Corp.. WebMD Health Corp. was Initiated by Citigroup to “Neutral” on Apr 12, 2016. Company shares were Reiterated by RBC Capital Mkts on Feb 24, 2016 to “Outperform”, Firm has raised the Price Target to $ 65 from a previous price target of $55 .
WebMD Health Corp. opened for trading at $63 and hit $63.45 on the upside on Monday, eventually ending the session at $63.43, with a gain of 1.10% or 0.69 points. The heightened volatility saw the trading volume jump to 4,01,025 shares. Company has a market cap of $2,411 M.
In a different news, on Aug 18, 2015, Stanley S Jr Trotman (director) sold 7,925 shares at $42.79 per share price. According to the SEC, on Aug 11, 2015, Jerome C Keller (director) sold 33,000 shares at $43.44 per share price.
WebMD Health Corp. is a provider of health information services. The Company provides its services to consumers physicians and other healthcare professionals employers and health plans through its public and private online portals mobile platforms and health-focused publications. The WebMD Health Network includes: www.WebMD.com its primary public portal for consumers and related mobile-optimized sites and mobile apps; www.Medscape.com its primary public portal for physicians and other healthcare professionals and related mobile services; and other sites through which it provides its branded health and wellness content tools and services. It also offers WebMD Health Services to employers and health plans for use by their employees and members. The Company also offers Information Services under which it sells certain information products and services on a standalone basis.