Change Healthcare up 8% after hours on FQ1 beat

Change Healthcare (NASDAQ:CHNG) fiscal Q1 results:

Revenues: $855.6M (+4%); Solutions revenue: $797.1M (+5%).

Net income: $71.9M (+475%); non-GAAP net income: $141.5M (+45%); EPS: $0.28 (+460%); non-GAAP EPS: $0.56 (+44%).

Non-GAAP EBITDA: $281.1M (+23%).

Cash flow ops: $84.5M (-56%).

Fiscal Q2 guidance: Solutions revenue: $710M – 730M; non-GAAP EBITDA: $210M – 220M; non-GAAP net income: $80M – 90M.

Fiscal 2020 guidance: Solutions revenue growth: 1-2%; non-GAAP EBITDA growth: 6-8%; non-GAAP net income growth: 9-11%.

Shares up 8% after hours.

Previously: Change Healthcare EPS beats by $0.01, beats on revenue (Aug. 13)

https://seekingalpha.com/news/3491332-change-healthcare-8-percent-hours-fq1-beat