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Athenahealth reaffirms FY'17 guidance

Athenahealth Inc. reaffirmed its guidance for full year 2017 along with reporting its earnings for the fourth quarter of 2016.

Total revenue is expected to be between $1.29 billion and $1.33 billion. The company expects adjusted operating income to be $170 million to $190 million and operating income of between $61 million and $81 million.

Athenahealth also reported fourth-quarter 2016 net income of $9.8 million, or 24 cents per share, compared with $7.7 million, or 19 cents per share, in the year-ago quarter.

Non-GAAP adjusted net income for the period was $25.0 million, or 62 cents per share, compared with $17.8 million, or 45 cents per share, for the prior-year quarter.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 51 cents.