Health-care IT Company Beats Expectations and Offers Optimistic Guidance

  • TruBridge shares rise after beating sales forecasts and providing an optimistic outlook for the current quarter
  • Shares up 24% at $12.56 on Friday, with a 12% increase year-to-date
  • Net loss of $5.05 million compared to $2.84 million in the previous year
  • Adjusted EPS came in at 16 cents, below the expected 17 cents by analysts
  • Second-quarter revenue reached $84.7 million, exceeding expectations of $81.4 million
  • Total bookings increased 11% to $23.3 million
  • Company expects revenue between $82 million and $85 million for the third quarter

Shares of TruBridge, a health-care information technology company, experienced a rise following the announcement of sales that surpassed Wall Street predictions and an upbeat forecast for the current quarter. The small-cap stock increased by 24% to $12.56 on Friday, marking a 12% growth year-to-date. The Mobile, Alabama-based company reported a net loss of $5.05 million or 34 cents per share for the period ending June 30th, compared to a loss of $2.84 million or 20 cents per share in the previous year. Adjusted for one-time items, earnings per share were at 16 cents, which was below the anticipated 17 cents by analysts polled by FactSet. The second quarter’s revenue reached $84.7 million, surpassing the expected $81.4 million. Total bookings rose to $23.3 million, a 11% increase. TruBridge projected revenue between $82 million and $85 million for the upcoming third quarter, aligning with analysts’ expectations of $82.3 million.

Factuality Level: 9
Factuality Justification: The article provides accurate information about TruBridge’s financial performance and stock price, including specific numbers and comparisons with previous periods and analyst expectations. It also includes relevant details about the company’s guidance for future revenue. The reporting is objective and free from sensationalism or personal opinion.
Noise Level: 1
Noise Justification: The article is mostly focused on reporting financial results and stock performance without providing any in-depth analysis or context about the company’s operations or industry trends.
Public Companies: TruBridge ()
Key People:

Financial Relevance: Yes
Financial Markets Impacted: TruBridge’s stock market
Financial Rating Justification: The article discusses the financial performance of TruBridge, a health-care information-technology company, and its impact on the company’s stock price. It also mentions the expectations for future revenue, which can affect financial markets and investors.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
Move Size: The market move size mentioned in this article is 24%.
Sector: Healthcare
Direction: Up
Magnitude: Medium
Affected Instruments: Stocks

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