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Health Catalyst: Q2 Earnings Snapshot
By AP News - Aug 08, 2024, 10:12 AM ET
Last Updated - Aug 08, 2024, 10:12 AM EDT
SOUTH JORDAN, Utah (AP) — SOUTH JORDAN, Utah (AP) — Health Catalyst Inc. (HCAT) on Wednesday reported a loss of $13.5 million in its second quarter.
On a per-share basis, the South Jordan, Utah-based company said it had a loss of 23 cents. Earnings, adjusted for stock option expense and amortization costs, were 12 cents per share.
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The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The provider of data analytics for the health care industry posted revenue of $75.9 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $75 million.
For the current quarter ending in September, Health Catalyst said it expects revenue in the range of $74.5 million to $77.5 million.
The company expects full-year revenue in the range of $304 million to $312 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
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