Cotiviti (COTV) Releases Earnings Results, Beats Expectations By $0.07 EPS

Cotiviti (COTV) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $0.37 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.30. The company posted revenue of $158.30 million in the period, compared to analysts expectations of $146.68 million. The company’s revenue was up 18.8% compared to the same quarter last year.

Many Wall Street Analysts have commented on Cotiviti. RBC Capital Mkts Initiated Cotiviti on Jun 20, 2016 to “Outperform”, Price Target of the shares are set at $25.Robert W. Baird Initiated Cotiviti on Jun 20, 2016 to “Outperform”, Price Target of the shares are set at $24.Cotiviti was Initiated by Citigroup to “Neutral” on Jun 20, 2016.

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