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Healthways Reports First Quarter Adjusted Net Income Per Diluted Share of $0.30; GAAP Net Loss of $0.43 Per Diluted Share.

Publication: Investment Weekly News
Publication Date: 09-MAY-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Healthways, Inc. (NASDAQ: HWAY) announced financial results for the first quarter ended March 31, 2009. Total revenues for the quarter were $182.7 million, an increase of 1% compared with revenues of $180.9 million for the three months ended March 31, 2008. Healthways' net loss for the first quarter of 2009 was $14.8 million, or $0.43 per diluted share, including costs of $40.0 million, or $0.73 per diluted share, related to the previously announced settlement of a lawsuit. As anticipated in the Company's guidance, the first-quarter results included a gain of $0.05 per diluted share resulting from the sale of D2Hawkeye, Inc., a company in which Healthways held a minority stake. Net income excluding the lawsuit settlement costs ("adjusted net income") was $10.2 million for the first quarter of 2009, which was equal to net income for the comparable period in 2008. Adjusted net income per diluted share for the first quarter of 2009 increased 11% to $0.30 from net income per diluted share of $0.27 for the comparable 2008 period.

 

 

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