Shares of Healthways (HWAY) fall 29% premarket after the company reports Q3 profits fell to...

|By:, SA News Editor

Shares of Healthways (HWAY) fall 29% premarket after the company reports Q3 profits fell to $9.5M from $10.5M last year, and lowers the high end of its FY11 earnings guidance. The company now sees EPS in a range of $0.90-$1.00, from prior guidance of $0.90-$1.08, due to revenue shortfalls tied to major contracts.