WASHINGTON (dpa-AFX) - athenahealth Inc. (ATHN) updated financial guidance for fiscal year 2012 and announced financial guidance for fiscal year 2013.
For fiscal 2012, the company now expects GAAP net income in the range of $16.4 million - $18.5 million or $0.44 - $0.50 per share, adjusted net income of $35.2 million - $37.3 million or $0.95 - $1.00 per share. Analysts polled by Thomson Reuters expect the company to report earnings of $1.00 per share for fiscal 2012. Analysts' estimates typically exclude special items.
While announcing the second-quarter result, the company had expected fiscal year 2012 net income to be in the range of $15.0 million - $18.5 million or $0.40 - $0.50 per share and adjusted earnings to range between $33.5 million and $37.0 million or $0.90 and $1.00 per share.
The company lowered its fiscal 2012 total revenue guidance to a range of $420.0 million - $425.0 million from the prior range of $425.0 million to $430.0 million. Nineteen analysts have consensus revenue estimate of $424.26 million for fiscal 2012.
Looking ahead for fiscal 2013, the company expects GAAP net income in the range of $19.9 million - $ 23.6 million or $0.52 - $0.62 per share, Non-GAAP adjusted net income of $43.7 million - $47.5 million or $1.15 - $1.25 per share, and total revenue of $525.0 million - $550.0 million. Analysts expect the company to report earnings of $1.29 per share on revenues of $542.90 million for fiscal 2013.
In a separate press release, athenahealth announced that it has signed a purchase and sale agreement with Harvard University to acquire the Watertown 'Arsenal on the Charles,' an expansive, 29 acre, multi-building, commercial property situated on the Charles River less than 10 miles outside of downtown Boston. The purchase is expected to close in the second-quarter of 2013.
ATHN closed Wednesday at $65.71, up $0.71 or 1.09%. However, in after hours, the stock dropped $0.71 or 1.08%.
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