Healthways (HWAY -11.3%) slips after its Q3 beat on its bottom line but came up short on revenue...

|By:, SA News Editor

Healthways (HWAY -11.3%) slips after its Q3 beat on its bottom line but came up short on revenue late yesterday. Net earnings fell 47% Y/Y as revenue was hurt by the continued wind-down of a contract with Cigna Corp. (CI). The company also lowered its full-year earnings estimates and narrowed its sales view due to higher operational costs as well as reduced revenue from two contracts that were renewed early.