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Livongo Health: 2Q Earnings Snapshot

Last Updated Aug 5, 2020 at 6:28 am EDT

MOUNTAIN VIEW, Calif. (AP) _ Livongo Health Inc. (LVGO) on Wednesday reported a loss of $1.6 million in its second quarter.

On a per-share basis, the Mountain View, California-based company said it had a loss of 2 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 11 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The digital health company posted revenue of $91.9 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $86.8 million.

Livongo Health shares have risen fivefold since the beginning of the year. The stock has more than quadrupled in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LVGO at https://www.zacks.com/ap/LVGO

The Associated Press

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