Athenahealth beats 3Q profit forecasts

WATERTOWN, Mass. (AP) _ Athenahealth Inc. (ATHN) on Thursday reported third-quarter profit of $13 million.

The Watertown, Massachusetts-based company said it had profit of 32 cents per share. Earnings, adjusted for one-time gains and costs, were 56 cents per share.

The results beat Wall Street expectations. The average estimate of 21 analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.

The maker of billing and medical practice management software posted revenue of $304.6 million in the period, falling short of Street forecasts. Twenty-one analysts surveyed by Zacks expected $311.1 million.

Athenahealth expects full-year revenue of $1.22 billion.

Athenahealth shares have risen 11 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $116.46, a decrease of 4 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 ATHN at https://www.zacks.com/ap/ATHN