Latest News by Industry
MOORESTOWN, N.J. (AP) — MOORESTOWN, N.J. (AP) — Tabula Rasa Healthcare Inc. (TRHC) on Monday reported a loss of $29.6 million in its fourth quarter.
On a per-share basis, the Moorestown, New Jersey-based company said it had a loss of $1.19. Losses, adjusted to account for discontinued operations and asset impairment costs, came to 5 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The developer of health care software posted revenue of $82.7 million in the period.
For the year, the company reported a loss of $147.5 million, or $6.07 per share. Revenue was reported as $299.5 million.
For the current quarter ending in March, Tabula Rasa Healthcare said it expects revenue in the range of $82 million to $84 million.
The company expects full-year revenue in the range of $343 million to $354 million.
_____
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