AP NEWS

Health Catalyst: 3Q Earnings Snapshot

November 12, 2019 GMT

SALT LAKE CITY (AP) _ Health Catalyst Inc. (HCAT) on Tuesday reported a loss of $21.4 million in its third quarter.

On a per-share basis, the Salt Lake City-based company said it had a loss of $1.40. Losses, adjusted for non-recurring costs and stock option expense, were 27 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 37 cents per share.

The provider of data analytics for the health care industry posted revenue of $39.4 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $37.7 million.

For the current quarter ending in December, Health Catalyst said it expects revenue in the range of $40 million to $43 million.

The company expects full-year revenue in the range of $151.4 million to $154.4 million.

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