Monday, July 26, 2010

HealthStream's Q2 revenues up, net income down

HealthStream Inc. reported second-quarter net income of $1.3 million, down 24 percent from $1.7 million a year ago.
Per share, results were 6 cents vs. 8 cents last year. On average, the two analysts surveyed by Thomson Reuters expected 4 cents a share for the recent quarter.

Revenues rose 14 percent to $16.7 million. Operating income rose 26 percent to $2.3 million, reflecting mostly the strong revenue growth.

HealthStream, meanwhile, said it expects full-year consolidated revenues to grow by 11 percent to 13 percent from last year.

On average, analysts forecast net income of 16 cents a share for this year.

Shares of the Nashville-based learning and research applications provider for the health care industry fell 18 cents to $4.39 in trading Monday. Its financial results were announced after the markets had closed.

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