Performant Financial (PFMT) Tops Q3 EPS by 2c

Performant Financial (NASDAQ: PFMT) reported Q3 EPS of $0.02, $0.02 better than the analyst estimate of $0.00. Revenue for the quarter came in at $38.5 million versus the consensus estimate of $37.89 million.

Business Outlook

“We firmly believe that the results year to date do not fully reflect the hard work and considerable effort from our employees. As we manage through this transitional period, we will continue to thoughtfully but aggressively manage our operating expenses, while balancing the need to position the Company for long term growth.

Based on our results, we are reiterating our expectation to achieve the upper end of our 2015 revenue guidance of $150 million to $160 million,” concluded Im.

For earnings history and earnings-related data on Performant Financial (PFMT) click here.

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