November 2, 2012
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of WebMD (Nasdaq: WBMD ) felt rather ill today, down by as much as 14%, after the company reported earnings results.
So what: Revenue in the third quarter totaled $117.5 million, which was slightly better than expected. The same can be said of the net loss of $0.02 per share. WebMD continues to face challenges, but the results were in line with the company's own guidance.
Now what: CEO Cavan Redmond said that WebMD expects its challenges to continue into 2013, but management continues to work on making cost reductions and invest in future growth. Full-year revenue is expected to be between $455 million and $470 million, making the consensus forecast of $461.5 million within reach. Net loss per share for the full year is predicted in the range of $0.23 to $0.38.
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