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WebMD Provides Upbeat Q2 and FY Revenue Outlook (WBMD)

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Online Health information services provider, WebMD Health Corp. (NASDAQ: WBMD) provided upbeat guidance for the fiscal second quarter and upwardly revised its full-year earnings outlook on Friday.

Shares of WebMD rallied 25.45% in regular trading hours on Friday.

For the three months period ended June 30, the New York based Company expects to post a revenue in the range of $124 million to $125 million, which implies a revenue growth of 10% to 11% from the same period of last fiscal year. Analysts polled by Thomson Reuters had forecasted revenue of $117 million.

The Company expects to earn about $3 million or 5 cents a share, which is much better than its previous forecast of a loss and analysts’ expectation for break even earnings.

For the full-year fiscal, WebMD expects revenue to come between $485 million and $505 million which exceeded analysts’ consensus estimate of $476.4 million.

Commenting over Company’s upbeat revenue outlook, WebMD CEO David Schlanger said that growing demand for its public portal advertisings and sponsorship services, especially from biopharmaceutical customers were boosting its top line growth,

“We are experiencing significant new commitments for our private portal offerings, including the previously announced contract with Blue Cross and Blue Shield Association Federal Employee Program, which are expected to generate revenue beginning in 2014,” said Schlanger in a statement.








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Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.

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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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