NEW YORK, April 23 /PRNewswire-FirstCall/ -- WebMD Health Corp. (Nasdaq: WBMD), the leading provider of health information services, today announced preliminary financial results for the three months ended March 31, 2008.
Preliminary Results for the Three Months Ended March 31, 2008
WebMD expects that it will report financial results for the first quarter at the high end of the range for revenue, earnings before interest, taxes, depreciation, amortization, and other non-cash items ("Adjusted EBITDA") and net income included in the guidance it provided on February 11, 2008.
This information is preliminary. WebMD is completing its normal closing process and, as previously announced will provide first quarter financial results on May 6, 2008 and host a conference call to discuss those results at 4:45 PM ET on that day.
Updated WebMD 2008 Financial Guidance
WebMD announced today that it is updating its financial guidance for 2008. Based on current visibility into the second half of 2008, WebMD is updating its financial guidance to reflect a recent shift toward shorter term buying commitments in certain of its customers' consumer advertising purchases which the Company believes is driven by increased caution in the current business climate.
WebMD's prior financial guidance for 2008, as disseminated on February
11, 2008, was:
-- Revenue of $395 to $415 million,
-- Adjusted EBITDA of $107.5 to $120.0 million, and
-- Net income of $36.5 to $46.0 million.
WebMD's updated financial guidance for 2008 is summarized as follows:
-- Revenue of $380 to $395 million,
-- Adjusted EBITDA of $97.5 to $107.5 million, and
-- Net income of $29.5 to $37.5 million.
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