athenahealth, Inc (NASDAQ:ATHN) third-quarter results declared as the amount of physicians in its network increase by 25% in contrast to last year.
The online medical firm recently takeover the medical app manufactures Epocrates, due to this deal increases the company revenue by 43%, or $151.5 million, from last year. The firm also added in Q3 its network has added all time high 2,700 physicians in its network.
The firm earned 29% on each share, while analyst at FactSet suggested the earning to 31 cents on each share, with a revenue estimate of $154.8 million.
Charles Rhyee analyst at Cowen and Co. declared the increase in physicians was positive for the company and was far more than Wall Street had estimated. He also added, that the firm collection pace was decreased due to the adding of new clients to its network, and that trouble could keep on as the firm include additional big clients in next year also. The analyst rated the firm as “Underperform” with a share price target of $93 on each share. athenahealth, Inc (NASDAQ:ATHN) share increased 24.05% to $130.83 in last trading session.
The tough economy has affected the restaurant industry as many expand their dollar menus, offering newer cheaper snacks, but Chipotle Mexican Grill, Inc. (NYSE:CMG) is moving its business to opposite direction. The restaurant chain which is preferred of the office lunch mass, has offering higher prices as it move to more luxurious ingredients such as cooking oils manufacture from non-genetically adapted seeds.
This move indicates that the firm is more product focus. It is looking to promote its selective choice of ingredients, such as organic vegetables and hormone-free meat. But due to this approach from the firm it will keep increasing prices for its food items. The company also said starting with oil it will gradually shift its entire product in that direction.
The restaurant operator device strategy to pass on the elevated prices to clients through a price increase sometime roughly mid- of next year, through a series of promotional campaign, by declaring that it is the pioneer in restaurant operator to put down the entire genetically-modified products from its menu. Chipotle Mexican Grill, Inc. (NYSE:CMG) share rose 16.10% to $509.74 in last trading session.
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