MedAssets, Inc. (MDAS: Quote) Wednesday reported a loss for the fourth quarter, compared to earnings in the same period last year, echoing a charge of $28.1 million in debt extinguishment.
Net loss for the quarter was $14.4 million or $0.25 per share, compared to a profit of $4.1 million or $0.07 per share in the prior-year quarter.
Adjusted earnings were $0.27 per share, compared with $0.32 per share in the prior year. On average, 15 analysts polled by Thomson Reuters expected the company to earn $0.28 per share for the quarter. Analysts’ estimates typically exclude special items.
Meanwhile, revenues totaled $163.8 million, up 4.5 percent from $156.8 million last year. Analysts expected revenues of $159.84 million.
Looking ahead to the fiscal year 2013, the company projects earnings in the range of $0.33 to $0.43 per share, with adjusted earnings between $1.22 to $1.32 per share. Also, the company anticipates revenue for 2013 in a range of $670.0 million to $684.0 million.
Analysts, based on consensus, currently expect the company to report full-year earnings of $1.29 per share on revenues of $677.74 million.
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by RTT Staff Writer
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