“Shares of online health site operator WebMD Health Corp. rose in Wednesday trading after the company swung to a second-quarter profit and raised its 2007 earnings outlook.”

One of the most popular online health websites is making their mark increasing their second quarter earnings. WebMD generated $5.4 million for their second quarter earnings compared to last year’s second quarter loss of $853,000. WebMD’s revenue has increased to $78.5 million compared to last year’s $56.6 million.

Mark May Stated:

“The fundamentals of the company and the health care advertising industry in general remain solid, and we believe margins will continue to improve.”

Analysts expect WebMD’s 2007 earnings to be 58 cents per share compared to analysts polled by Thompson Financial who expects WebMD’s 2007 earnings to be 52 cents per share and 15 cents per share in the third quarter. Bank of America Securities analyst Brian J. Pitz wrote, “We think the company remains the premium online destination for health-related content, and acknowledge management’s careful stewardship.”

[via BusinessWeek]

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