HealthStream (HSTM) Tops Q2 EPS by 4c; Guides In-line for FY09

July 27, 2009 4:36 PM EDT

HealthStream, Inc. (Nasdaq: HSTM) reports Q2 EPS of $0.08, 4 cents better than the analyst estimate of $0.04. Revenue for the quarter was $14.6 million, versus the consensus of $13.97 million.

The Company anticipates that consolidated revenues for the full year 2009 will grow by 10-12%.

We now anticipate that operating expenses, including cost of revenues, product development, sales and marketing, depreciation and amortization and other general and administrative expense will grow in the range between 8-10% when compared to the Company's full year 2008 levels for these categories.

We anticipate that operating income will increase 50-80% for the full year of 2009 versus our 2008 results. Net income, before the impact of any potential future realized income tax benefit resulting from reduction of our income tax valuation allowance in 2009 is expected to grow by 35 percent to 60 percent over 2008 net income before our $375,000 income tax benefit.

We anticipate that fully diluted earnings per share for 2009, based on the net income described in the previous paragraph, will range between $0.16 and $0.19 per share. (Consensus is $0.17)

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