Livongo Health: 3Q Earnings Snapshot
MOUNTAIN VIEW, Calif. (AP) _ Livongo Health Inc. (LVGO) on Wednesday reported a loss of $25.5 million in its third quarter.
On a per-share basis, the Mountain View, California-based company said it had a loss of 26 cents. Earnings, adjusted for costs related to mergers and acquisitions and stock option expense, came to 16 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The digital health company posted revenue of $106.1 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $95.6 million.
Livongo Health shares have risen fivefold since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $145.40, climbing sixfold in the last 12 months.