WebMD Health Corp. (WBMD), the leading source of health information, reported that its third-quarter net income increased to $9.81 million or $0.23 per share from $3.23 million or $0.06 per share, last year.
On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.24 for the quarter. Analysts' estimates typically exclude special items.
Revenue was $143.49 million, compared to $130.94 million, a year ago. Analysts expected revenue of $143.31 million for the quarter.
WebMD reaffirmed its previously issued revenue and earnings guidance for 2014. For the year ending December 31, 2014, WebMD expects: revenue to be approximately $570 million to $580 million, and net income to be approximately $36.5 million to $40.5 million. Analysts expect the company to report full year revenue of $578.88 million.
For the fourth quarter of 2014, WebMD expects: revenue to be approximately $152 million to $162 million, and net income to be approximately $10.7 million to $14.7 million. Analysts expect the company to report fourth-quarter revenue of $161.24 million.
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