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WebMD Health (WBMD) Stock Slides Despite Q2 Earnings Beat

NEW YORK (TheStreet) -- Shares of WebMD Health (WBMD) were sinking 7.12% to $55.21 on heavy trading volume late Tuesday morning as the company posted slightly better-than-anticipated results for the 2016 second quarter, but said monthly traffic declined.

After yesterday's market close, the New York-based health information website reported earnings of 39 cents per diluted share, topping analysts' estimates by a penny.

Revenue for the quarter was $167.6 million, while Wall Street was forecasting revenue of...