Computer Programs & Systems Earnings: Here’s Why Investors are Selling Shares Now
Computer Programs & Systems Inc. (NASDAQ:CPSI) 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 4.08%.
Computer Programs & Systems Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 23.53% to $0.63 in the quarter versus EPS of $0.51 in the year-earlier quarter.
Revenue: Rose 11.26% to $49.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Computer Programs & Systems Inc. reported adjusted EPS income of $0.63 per share. By that measure, the company missed the mean analyst estimate of $0.75. It missed the average revenue estimate of $49.83 million.
Quoting Management: There was no comment from management.
Key Stats (on next page)…