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Athenahealth reaffirms FY'16 guidance, initiates FY'17 outlook

Athenahealth Inc. reaffirmed its guidance for 2016 and initiated guidance for the full year 2017.

The company expects 2016 GAAP total revenue between $1.09 billion and $1.12 billion. Adjusted net income per share is expected to be between $1.65 and $1.85, and adjusted operating income is expected to range between $120 million and $135 million.

The S&P Capital IQ consensus normalized EPS estimate for the year is $1.79.

The company anticipates full-year 2017 GAAP total revenue between $1.29 billion and $1.33 billion. GAAP operating income is expected to be $61 million to $81 million, and non-GAAP adjusted operating income is expected in a range of $170 million to $190 million.