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HealthStream 3Q profit more than doubles

October 24, 2011

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NASHVILLE, Tenn.—HealthStream Inc., which provides Internet-based educational and training content for health care professionals, said Monday its third-quarter net income rose on greater revenue from both its learning and research businesses.

The company said its profit grew to $1.8 million, or 8 cents per share, from $796,000, or 4 cents per share. Revenue rose 24 percent, to $20.6 million from $16.6 million.

The company said revenue for the HealthStream Learning business rose 28 percent and HealthStream Research revenue grew 14 percent.

Analysts expected HealthStream to report a profit of 5 cents per share on revenue of $20.5 million, according to FactSet.

HealthStream stock edged up 2 cents to $15.27 Monday and was unchanged in aftermarket trading.