Quality Systems beats Street 3Q forecasts
Quality Systems tops 3Q net income and revenue expectations
IRVINE, Calif. (AP) _ Quality Systems Inc. (QSII) on Wednesday reported fiscal third-quarter earnings of $10.5 million.
On a per-share basis, the Irvine, California-based company said it had net income of 17 cents. Earnings, adjusted for one-time gains and costs, were 23 cents per share.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The provider of health care information systems posted revenue of $127.9 million in the period, also exceeding Street forecasts. Twelve analysts surveyed by Zacks expected $125.4 million.
Quality Systems shares have risen roughly 5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.78, a fall of 19 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QSII at https://www.zacks.com/ap/QSII
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Keywords: Quality Systems, Earnings Report
