TruBridge Inc. (TBRG) on Friday announced first-quarter adjusted earnings of $0.59 per share, surpassing consensus estimates and showing significant growth from the prior year.
The Mobile, Alabama-based healthcare information technology company posted revenue of $86.3 million for the period. Net income was $506,000, equivalent to $0.03 per share.
The adjusted earnings figure of $0.59 per share came in nearly 16 percent above the Zacks Consensus Estimate of $0.51 per share. This also marks a 63.9 percent increase from the $0.36 per share reported in the same quarter last year. The company did not disclose forward guidance for the upcoming quarter.
The significant outperformance on earnings per share signals growing profitability for the healthcare IT firm. Investors will be looking for details on revenue growth drivers and future guidance in the company's subsequent filings.
This article is for informational purposes only and does not constitute investment advice.