WebMD Health Affirms Q3, 2014 Outlook

(RTTNews) - WebMD Health Corp. (WBMD), a provider of health information services, on Wednesday affirmed its financial outlook for the third quarter and fiscal 2014 that it previously provided in early August.

Ahead of its annual meeting of stockholders in New York on Wednesday, WebMD maintained its outlook for net earnings of about $8.5 million to $9.5 million, on revenues of about $140 million to $143 million.

The company also affirmed its forecast for third-quarter adjusted earnings before interest, tax, depreciation and amortization or EBITDA of about $37.5 million to $39.5 million.

On average, analysts polled by Thomson Reuters currently estimate the company to report earnings of $0.24 per share for the quarter on revenues of $143.77 million.

For fiscal 2014, WebMD Health affirmed its outlook for net earnings of about $36.5 million to $40.5 million, on revenues of about $570 million to $580 million. The company also maintained its outlook for full-year adjusted EBITDA of $152.5 million to $157.5 million.

Street expects the company to earn $0.97 per share for the year on revenues of $580.05 million.

In early August, WebMD Health reported an increase in profit for the second quarter to $9.7 million or $0.23 per share from $2.6 million or $0.05 per share in the year-ago period. Revenues for the quarter grew 12 percent to $140.40 million from $125.32 million in the prior-year period.

WBMD closed Tuesday's trading at $41.81, down $0.02 or 0.05 percent on a volume of 962,968 shares.