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Shares of Activist Target AthenaHealth Soar After Second Quarter Results

Shares of activist target athenahealth Inc. (ATHN) jumped in after-hours trading on Thursday, July 20, after the healthcare technology company unveiled second-quarter numbers.

Watertown, Mass.-based athenahealth reported non-GAAP adjusted net income of $20.5 million, or $0.51 per diluted share, compared with $13.4 million, or $0.34 per diluted share, in the year-ago period. Revenue rose 15% year-over-year to $301 million.

Shares of athenahealth were trading at $155.50 after the close on Thursday, up 8%.

The company also said that its board, in consultation with its advisers, is evaluating shareholder feedback received over the past...


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