The shares of Healthways, Inc.(NASDAQ:HWAY) posting its
biggest intraday gain for this year and popped up over 18% to new 9-month high
and was recently trading at $10.61. Today’s buying has been propelled by strong
earnings by the company, which topped analysts’ estimates.
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The company reported that net income during the quarter fell
to $5.1 million, or 15 cents a share, from a year ago profit of $5.8 million,
or 17 cents a share. Revenue grew slightly to $170.2 million, from $169.6
million a year ago. Analysts were estimating the company to report 7 cents a
share.
Moreover, the company maintained its 2012 revenues guidance range
of $665 million to $705 million. This guidance includes revenues from domestic
operations in a range of $638 million to $670 million and from international
revenues in a range of $27 million to $35 million. The company continues to
estimate to earn $0.38 to $0.50, which includes the previously announced
additional expense impact of $0.04 per diluted share related to the refinancing
of the Company’s senior credit facilities in June.
Can HWAY Move Back to 52-Week High? Get Trend Analysis
Moreover, analyst at Stifel Nicolaus lifted its price target
on the stock by $3 to $13. After today’s gain, shares of HWAY are up 43% year
to day.
Healthways, Inc. provides solutions to help people improve
physical, emotional and social well-being. The Company provides specific and
personalized interventions for each individual in a population, irrespective of
health status, age or payor. The Company's evidence-based health, prevention
and well-being services are made available to consumers to consumers via phone,
mobile devices, direct mail, the Internet, face-to-face consultations and
venue-based interactions.
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