IRVING, Texas — HMS Holdings Corp. (HMSY) on Friday reported a second-quarter loss of $3.4 million, after reporting a profit in the same period a year earlier.
The Irving, Texas-based company said it had a loss of 4 cents per share. Earnings, adjusted for one-time gains and costs, were 25 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The benefits coordinator and billing auditor for government health care programs posted revenue of $146.8 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $138.1 million.
HMS Holdings expects full-year revenue in the range of $575 million to $585 million.
HMS Holdings shares have climbed 47 percent since the beginning of the year. The stock has climbed 27 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HMSY at https://www.zacks.com/ap/HMSY