Loading articles...

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

Latest Traffic & Weather
680 NEWS TRAFFIC @680NEWStraffic 680 News Traffic Twitter verified icon
Updated Just moments ago
CLEAR: WB QEW app. Cawthra. #WBQEW
Latest Traffic
680 NEWS WEATHER @680NEWSweather 
Updated Today at 03:11 PM
Nothing like a warm and sunny September day!
Latest Weather