Change healthcare inc. announces unaudited earnings results for the second quarter and six months ended september 30, 2019; provides earnings guidance for the third quarter and full year of fiscal year 2020 and full year of fiscal 2021
Change healthcare inc. announced unaudited earnings results for the second quarter and six months ended september 30, 2019. for the quarter, the company’s operating loss was $49,501,000 against $31,000 a year ago. net loss was $93,935,000 against $18,591,000 a year ago. basic and diluted net loss per share was $0.66 against $0.25 a year ago. for the six months, the company’s operating loss was $49,752,000 against $62,000 a year ago. net loss was $131,451,000 against $36,092,000 a year ago. basic and diluted net loss per share was $1.20 against $0.48 a year ago. the company expects third quarter fiscal 2020 solutions revenue in the range of $745 million to $760 million.the company continues to expect full-year fiscal 2020 solutions revenue growth of 1% to 2% including the impact of the sale of extended care business during fiscal year 2019 and planned contract exits in technology-enabled services business.for fiscal year 2021, the company continues to expect solutions revenue growth of 4% to 6%.
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