WebMD (WBMD) shares are trading lower after hours following the health-information company’s Q1 results.
For the quarter, the company reported revenue of $108 million, up 20% from a year ago, and ahead of the Street at $105.3 million. The profit picture is trickier. The company reported a net loss of $3.8 million or 7 cents a share, but said net income would have been $5.1 million excluding the effect of a $28.8 million loss on the disposition of auction-rate securities investments, and a $3.7 million loss on convertible notes, offset by a related $23.6 million tax benefit but excluding a gain on the convertible notes net of related tax expense.
The Street had expected a profit of 7 cents a share.
For Q2, the company expects revenue “in excess of $115 million,” while the Street has been expecting $116.6 million. For the full year, the company sees revenue of $510 million to $525 million, about in line with the Street at $519.6 million. The company sees income from operations of 56-66 cents a share.
WBMD is off $1.59, or 3.4%, to $45.71.
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