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MOORESTOWN, N.J. (AP) _ Tabula Rasa Healthcare Inc. (TRHC) on Thursday reported a loss of $40.1 million in its third quarter.
On a per-share basis, the Moorestown, New Jersey-based company said it had a loss of $1.65. Losses, adjusted to account for discontinued operations and stock option expense, were 44 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The developer of health care software posted revenue of $77.1 million in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $73.7 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a TRHC">Zacks stock report on TRHC at https://www.zacks.com/ap/TRHC