Phreesia Stock Drops 5% Despite Narrowing Q1 Loss

(RTTNews) - Phreesia, Inc. (PHR) shares fell 4.59 percent to $23.81 on Wednesday, down $1.15, despite reporting improved first-quarter financial results. Net loss narrowed to $3.9 million from $19.7 million in the same period last year.

PHR opened at $24.34 and traded between $22.80 and $24.99 during the session on the New York Stock Exchange. The stock closed previously at $24.95. Volume reached 614,467 shares, higher than its average of 517,306. Its 52-week range stands between $17.07 and $30.53.

The company posted total revenue of $115.9 million, up from $101.2 million a year ago.