Why Healthways (HWAY) Stock Is Up Today

NEW YORK (TheStreet) -- Healthways  (HWAY) rose Friday after the company announced first-quarter earnings results that surpassed analysts' expectations.

The health and well-being company reported a net loss of $9.6 million, or 27 cents a share, wider than $3.95 million, or 12 cents a share, in the same period one year earlier. Adjusted loss narrowed to 7 cents a share from 12 cents a share in the same quarter a year ago. Revenue rose year over year to $176.8 million from $165.2 million.

Analysts polled by FactSet expected an adjusted loss of 11 cents a share on revenue of $176.7 million.

Healthways maintained its earnings and revenue projections with a range of 11 cents a share to 26 cents a share on revenue of $730 million to $760 million.

Noble Financial upgraded the stock to "buy" from "hold" with a $21 price target.

The stock was up 12.69% to $18.12 at 1:14 p.m. on Friday.

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