Performant Financial Corporation announced preliminary earnings guidance for the fourth quarter of 2012. For the quarter, the company reported revenue guidance range of $53.5 million - $56.5 million, Net income guidance range of $5.5 million - $6.8 million, Adjusted EBITDA guidance range was $16.1 million - $18.1 million and adjusted net income guidance range was $6.7 million - $8.0 million. The expected growth in revenues for the fourth quarter 2012 compared to the third quarter 2012 is due primarily to higher claim recovery volumes in the healthcare market.

The company's expected net income reflects increased operating expenses consistent with the growth of recovery activities in the healthcare market and the temporary delayed recognition of certain revenues associated with Periodic Interim Payment Providers, or PIP, claims under the company's contract with the Center for Medicare and Medicare Services, for which associated expenses have been incurred.