TriZetto Group Inc., a Newport Beach healthcare software company, said Monday that its first-quarter net income exceeded an earlier forecast, though it was down from a year earlier.
TriZetto posted a profit of $5.9 million in the first quarter, 13.2% lower than a year ago. The company said its earnings were affected by a $4.1 million tax-related charge. Sales rose 33% to $113.5 million.
Analysts expected TriZetto to earn $5 million, with $107.2 million in sales.
Earlier this month, TriZetto said it expected a profit of $3.6 million to $5.4 million, and for sales to come in at $100 million to $110 million.
The company also reaffirmed its guidance for the year. TriZetto expects $17.6 million to $22.6 million in profit in 2007. Sales should come in at $425 million to $445 million.
Wall Street’s looking for $22.6 million in profit and sales of $442.3 million.
