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Change Healthcare (CHNG) Q1 Earnings & Revenues Miss Estimates

Benzinga Real-time News · Aug 5, 2022 11:58

Change Healthcare Inc.(NASDAQ:CHNG) reported first-quarter fiscal 2023 adjusted earnings per share (ETF:EPS) of 38 cents, which missed the Zacks Consensus Estimate of 39 cents by 2.6%. The bottom line declined 7.3% on a year-over-year basis.

Net loss per share was 7 cents in the quarter compared with the year-ago quarter's net loss per share of 1 cent.

Revenue Details

Revenues rose 1.9% from the prior-year period to $884.5 million in the reported quarter. However, the top line missed the Zacks Consensus Estimate by 0.7%.

Segmental Analysis

Change Healthcare did some portfolio rejig and, beginning the first quarter of fiscal 2023, started reporting...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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