Change Healthcare: Fiscal Q1 Earnings Snapshot
NASHVILLE, Tenn. (AP) _ Change Healthcare Inc. (CHNG) on Wednesday reported a loss of $23.2 million in its fiscal first quarter.
On a per-share basis, the Nashville, Tennessee-based company said it had a loss of 7 cents. Earnings, adjusted for one-time gains and costs, were 38 cents per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.
The health care technology company posted revenue of $884.5 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $890.4 million.