WebMD Falls Despite Results, Contract

Updated from 9:11 a.m.

WebMD

(HLTH)

fell early in the session and was down 8.2% in midafternoon after trading up 8.1% preopen on the

Island

ECN.

The company late Tuesday posted a first-quarter loss of 9 cents a share, narrower than analysts' estimates of 11 cents and the year-ago loss of 14 cents, on revenue of $184.5 million, vs. $65.9 million a year ago.

WebMD said it would eliminate 350 jobs, or 7% of its workforce, in addition to the 1,000 already cut.

The company also announced a deal to be the primary health content provider to

AOL

(AOL)

-brand customers.