Reuters: Global Markets: Healthways shares jump on profit beat

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Healthways shares jump on profit beat Jul 25th 2012, 15:09 Wed Jul 25, 2012 11:09am EDT (Reuters) - Healthways Inc (HWAY.O) shares rose 26 percent after the healthcare management provider reported a quarterly profit that beat market expectations on an earlier-than-expected recognition of performance-based fees. Thomas Carroll, an analyst with Stifel Nicolaus, said the management was upbeat during the post-earnings conference call "with a tone suggestive of continued visibility for new business and revenue growth for the remainder of year and into 2013." "Healthways represents a very interesting small-cap healthcare idea for the next 12 months," Carroll said, raising his price target on the company's stock to $13 from $10. The company on Tuesday said it earned 15 cents per share in the second quarter. Analysts on average had expected 7 cents per share, according to Thomson Reuters I/B/E/S. [ID:nASA04IP9] Barclays Capital raised its price target on the company's stock to $8.00 from $6.00. Shares of Healthways were trading up 20 percent at $10.12 in morning trade on the Nasdaq. They touched a nine-month high of $10.61 earlier.

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