By Christopher Kuo
Phreesia shares advanced after the company swung to a profit in its first quarter and posted revenue that beat Wall Street estimates.
Shares of the healthcare technology company rose 20% in after hours to $11.00. Ahead of the market close, the company's shares were up 2%, to $9.13, and down 46% year to date.
The company on Wednesday posted a first-quarter profit of $3 million, or 5 cents a share, compared with a loss of $3.9 million, or 7 cents a share, a year earlier. Analysts polled by FactSet expected earnings of 1 cent a share.
Revenue rose 13% to $130.9 million. Analysts expected $130.1 million. The company's average number of healthcare services clients was up 7% year over year, the company said.
The company maintained its revenue outlook for fiscal year 2027. It expects revenue to range from $510 million to $520 million. Analysts expect revenue of $515.7 million.
Write to Christopher Kuo at chris.kuo@wsj.com
(END) Dow Jones Newswires
May 27, 2026 17:56 ET (21:56 GMT)
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