HealthStream (HSTM) Tops Q3 EPS by 1c, Beats on Revenues
HealthStream (NASDAQ: HSTM) reported Q3 EPS of $0.09, $0.01 better than the analyst estimate of $0.08. Revenue for the quarter came in at $59.9 million versus the consensus estimate of $58.43 million.
- Revenues of $59.9 million in the third quarter of 2018, up 9% from $54.7 million in the third quarter of 2017 with $634,000 positive impact in the third quarter of 2018 from the application of ASC 606
- Operating income of $4.7 million in the third quarter of 2018, up 71% from $2.7 million in the third quarter of 2017 with $1.1 million positive impact in the third quarter of 2018 from the application of ASC 606
- Income from continuing operations of $3.0 million in the third quarter of 2018, up 75% from $1.7 million in the third quarter of 2017 with $819,000 positive impact in the third quarter of 2018 from the application of ASC 606
- Earnings per share (EPS) from continuing operations of $0.09 per share (diluted) in the third quarter of 2018, compared to EPS from continuing operations of $0.06 per share (diluted) in the third quarter of 2017
- Adjusted EBITDA1 from continuing operations of $11.1 million in the third quarter of 2018, up 22% from $9.1 million in the third quarter of 2017 with $1.1 million positive impact in the third quarter of 2018 from the application of ASC 606
- CFO Gerard M. Hayden, Jr. tendered his resignation and will step down from his position in March 2019; Scott Roberts, Vice President of Accounting & Finance, will become Interim CFO following Hayden’s departure
“As our CFO for the last decade and as a board member for two years prior to that, Gerry Hayden has served the Company extraordinarily well and his leadership has been instrumental in the Company’s growth,” said Robert A. Frist, Jr., Chief Executive Officer. “Gerry has been and will continue for the next several months to be a valuable member of our executive team. The standard he has set is one of the utmost integrity and commitment. We are grateful for his service and wish him success in whatever future endeavors he chooses to pursue.”
For earnings history and earnings-related data on HealthStream (HSTM) click here.