athenahealth Shares Plummet on Poor 2014 Outlook

Listen
Text
  • Small
  • Medium
  • Large

Update: At close of trading on Dec. 17, 2013, athenahealth shares were $130.04. 

Shares of IT vendor athenahealth dropped more than 14 percent Wednesday after the company's projected 2014 adjusted earnings missed analysts' expectations.

Shares dropped from $130.85 to $111.46 after company officials reported estimating earnings between $0.98 and $1.10 per share in 2014, significantly lower than analysts' expectations of an average of $1.38, according to a MarketWatch report.

Projected total 2014 sales are also lower than expectations. The company said it estimates between $725 million and $755 million in sales next year, lower than analysts' prediction of $764 million, according to the report.

More Articles on the Health IT Market:

8 Recent Health IT Market Stories
Practice Fusion Raises Another $15M
Cerner Partners With Claritas to Integrate Next-Gen Sequence Testing into Healthcare

Copyright © 2021 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars