WebMD Health Turns To Profit In Q1; Lifts Lower End Of FY14 Revenue Range

(RTTNews) - WebMD Health Corp. (WBMD) Wednesday reported first-quarter net income of $6.3 million or $0.15 per share, compared to a loss of $1.5 million or $0.03 per share in the same period last year.

On average, eight analysts polled by Thomson Reuters expected the company to earn $0.11 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 19 percent to $133.83 million from $112.76 million last year. Analysts expected revenues of $132.36 million.

Looking ahead to the second quarter, the company has forecast revenues in a range of $137 million to $140 million. Analysts expected revenues of $139.70 million.

For the fiscal year 2014, the company now expects revenues in the order of $560 million to $575 million. Analysts currently expect full-year revenues of $574.52 million.

Earlier, the company expected revenue in the range of $545 million to $575 million.