American Healthways posts profit vs. year-ago loss
(Reuters, 06/21/2001 14:10)
NASHVILLE, Tenn., June 21 (Reuters) - American Healthways Inc. (NASDAQ:AMHC), which helps managed-care providers control costs, on Thursday reported a profit for the third quarter after a loss in the same quarter last year.
Net income was $840,000, or 9 cents per diluted share, compared with a loss of $1.01 million, or 12 cents per share, in the 2000 quarter. Wall Street analysts polled by Thomson Financial/First Call had on average expected earnings of 10 cents per share.
For the quarter, ended May 31, revenues increased 59 percent to $18.46 million from $11.62 million in the third quarter of 2000, American Healthways said.
Thomas Cigarran, chairman, president and chief executive officer, said the company expects earnings for the full fiscal year, before amortization expense from recent acquisitions, to total 33 to 35 cents per diluted share, consistent with previous guidance.
For fiscal 2002, American Healthways said that before amortization expense associated with fourth-quarter 2001 acquisitions, earnings will be 80 to 90 cents per share.
The company helps managed-care providers control costs by providing patients with information about preventive care and by providing physicians with information about the best means to treat patients.
Copyright 2001, Reuters News Service |
