WebMD Results Top Estimates; Reaffirms FY Guidance

(RTTNews) - WebMD Health Corp (WBMD), a provider of healthcare information services, on Wednesday reported first-quarter net earnings of $10 million or $0.25 per share compared with $6.3 million or $0.15 per share last year.

Revenues for the quarter were up at $143.3 million compared with $133.8 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.22 per share on revenues of $142 million for the quarter. Analysts' estimates typically exclude special items.

"During the quarter, WebMD continued to deliver innovative products and strong traffic growth and achieved financial results at the high end of our expectations," said David Schlanger, Chief Executive Officer, WebMD.

"The external environment for biopharma companies is healthy and is translating into positive momentum for WebMD. We are well positioned to continue to grow revenue and build on our leadership."

For the second quarter, the company expects earnings of $8.5 million to $9.5 million on revenues of $145 million to $148 million. Analysts expect earnings of $0.30 per share on revenues of $151.9 million.

For the full year 2015, the company still expects earnings of $1.23 to $1.35 per share on revenues of $615 million to $635 million. Analysts expect earnings of $1.29 per share on revenues of $626.5 million.