Tivity Health: 3Q Earnings Snapshot
FRANKLIN, Tenn. (AP) _ Tivity Health (TVTY) on Tuesday reported third-quarter net income of $13.9 million.
The Franklin, Tennessee-based company said it had profit of 29 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and amortization costs, came to 46 cents per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.
The wellness program administrator posted revenue of $303.9 million in the period, surpassing Street forecasts. Six analysts surveyed by Zacks expected $301.3 million.
Tivity Health expects full-year earnings in the range of $2.14 to $2.32 per share, with revenue in the range of $1.13 billion to $1.14 billion.
Tivity Health shares have decreased 25% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $18.56, a decline of 50% in the last 12 months.