Athenahealth Shares Soar On Upbeat 2017 Outlook

By Sue Chang Markets MarketWatch Pulse

Shares of Athenahealth Inc. soared in Wednesday's extended session after the company issued an upbeat forecast for 2017. Athenahealth projected revenue in a range of $1.29 billion to $1.33 billion and adjusted operating income of $170 million to $190 million in 2017. Analysts surveyed by FactSet are forecasting the provider of cloud-based systems for medical facilities to report full-year revenue of $1.29 billion and operating income of $154 million. Athenahealth shares surged 13% after hours.

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