Cotiviti Holdings, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, net revenue was $160,133,000 against $142,718,000 a year ago. Operating income was $34,082,000 against $29,238,000 a year ago. Income before income taxes was $26,114,000 against $13,477,000 a year ago. Net income was $26,975,000 against $8,084,000 a year ago. Comprehensive income was $26,970,000 against $7,576,000 a year ago. Earnings per diluted share were $0.28 against $0.10 per basic and diluted share a year ago. Net cash provided by operating activities was $24,572,000 against $36,353,000 a year ago. Expenditures for property and equipment were $9,660,000 against $9,467,000 a year ago. Adjusted EBITDA was $57,670,000 against $50,594,000 a year ago. Adjusted net income was $31,951,000 against $22,253,000 a year ago. Adjusted net income per diluted share was $0.34 against $0.29 a year ago.

For 2017, the company expects: Total revenue in a range of $688 million - $700 million; Adjusted EBITDA in a range of $266 million - $272 million; and net income in a range of $89 million - $95 million. A 38% tax rate is assumed to approximate the Company's effective tax rate.