Everyday Health Q3 Loss Narrows, Revenue Climbs; Stock Up

(RTTNews) - Everyday Health, Inc. (EVDY), a provider of digital health and wellness solutions, said third-quarter attributable net loss narrowed to $150 thousand or breakeven per share from $5.33 million or $1.02 per share last year.

Adjusted earnings were $0.08, compared to a loss of $0.64 per share last year. On average, six analysts polled by Thomson Reuters expected earnings of $0.07 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased to $42.32 million from $35.05 million in the prior year. Analysts expected revenues of $41.89 million.

Advertising and sponsorship revenue grew 28 percent, and average revenue per advertiser increased 31 percent. Mobile revenue for the quarter surged 90 percent from the previous year.

Ben Wolin, Co-Founder and CEO of Everyday Health, said, "We exceeded both our top and bottom line expectations for the third quarter, as we continue to go deeper with our advertising partners and bolster engagement among our audience of consumers and healthcare professionals."

For the fourth quarter, the company expects revenues in the range of $62.8 million - $63.6 million. Wall Street looks for revenues of $60.18 million.

Full year revenues are expected to be between $184.1 million and $184.9 million. Analysts expect revenues of $181.05 million.

EVDY, which closed down 1.3 percent on Tuesday at $12.58, gained 9.7 percent in the extended trade.