MedAssets Surges 20% on Strong Quarterly Results

Shares of MedAssets MDAS were seeing increased strength during Thursday's trading session after the company reported second-quarter results yesterday, which exceeded analysts' consensus estimates. MedAssets' total net revenue for the second quarter of 2012 increased 10.6% to $163.0 million from $147.4 million in the second quarter of 2011. Comparing period-over-period organic growth, total net revenue of $163.0 million in the second quarter of 2012 increased 10.2% from total non-GAAP net revenue of $147.9 million. The company's non-GAAP adjusted EPS, defined as EPS excluding non-cash acquisition-related intangible amortization and depreciation, non-cash share-based compensation, certain acquisition and integration-related expenses and non-recurring items on a tax-adjusted basis, increased 21.7% to $0.28 per share in the second quarter of 2012, versus non-GAAP adjusted EPS of $0.23 per share in the second quarter of 2011. Thursday, shares of MedAssets traded up over 19 percent, at about $15.34 per share.