Dive Brief:
- Aetnahealth reported strong numbers in its quarterly report last week, including a 21% increase in revenue over Q2 of last year.
- Earnings also were strong, at 24 cents per diluted share, compared to a loss of 6 cents per share in Q2 last year.
- The company says it remained ahead of its financial goals for the first half of the year.
Dive Insight:
Aetnahealth reported quarterly revenue of $224.7 million, up 21% from the second quarter of 2014. However, Wall Street analysts had estimated a revenue growth of $226.57 million.
The company reported a GAAP net income of $9.3 million ($0.24 per diluted share), a big increase over last year's Q2 GAAP net loss of $2.2 million ($0.06 per diluted share).
Although sales for Athenahealth continue to grow, so do the company's expenses, which were 21% higher than in the second quarter of last year. However, the company reported a 48% increase in costs for research and development, which could pay off in the long run.