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WebMD Falls to Four-Year Low on Forecast Cut: New York Mover

WebMD Health Corp., the online provider of medical information, fell to its lowest value in almost four years after the company said it expected a loss this year because of advertising cuts by drugmakers.

WebMD dropped 18 percent to $14.65 at the close of New York trading, its lowest closing price since October 2008. The full-year loss may be $12.4 million to $23.4 million, the New York-based company said in a statement today. WebMD on May 1 had forecast a profit of $2.8 million to $19.9 million.