Performant Financial: 3Q Earnings Snapshot

November 12, 2019 GMT

LIVERMORE, Calif. (AP) _ Performant Financial Corp. (PFMT) on Tuesday reported a loss of $8.1 million in its third quarter.

On a per-share basis, the Livermore, California-based company said it had a loss of 15 cents. Losses, adjusted for one-time gains and costs, came to 14 cents per share.

The provider of audit and recovery services posted revenue of $35.9 million in the period.

Performant Financial expects full-year revenue in the range of $147 million to $152 million.

In the final minutes of trading on Tuesday, the company’s shares hit $1.04. A year ago, they were trading at $1.44.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PFMT at https://www.zacks.com/ap/PFMT