Allscripts Healthcare Solutions Earnings: Here’s Why the Stock is Down Now
Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 8.95%.
Allscripts Healthcare Solutions, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 25% to $0.09 in the quarter versus EPS of $0.12 in the year-earlier quarter.
Revenue: Decreased 4.83% to $347.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Allscripts Healthcare Solutions, Inc. reported adjusted EPS income of $0.09 per share. By that measure, the company missed the mean analyst estimate of $0.14. It missed the average revenue estimate of $367.76 million.
Quoting Management: “We are making progress in key areas including an unwavering client focus, delivering on our commitments and driving operational effectiveness,” said Paul M. Black, President and Chief Executive Officer of Allscripts. “In addition, we took a series of important actions this quarter to advance our Open, Connected Community of Health strategy, enhancing our competitive positioning, including the acquisitions of dbMotion and Jardogs.”
Key Stats (on next page)…