The stock price of claims clearinghouse and revenue cycle management software vendor Emdeon Inc. fell more than 7 percent on Aug. 6 as the company reported revenue growth but sharply lower earnings in the second quarter of 2010.
Nashville, Tenn.-based Emdeon had net income for the quarter of $7.3 million, down 50 percent from the same period a year ago. Diluted earnings per share were about two-thirds less. Emdeon attributed the profit decline to income tax changes.
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