AllScripts: 1Q Earnings Snapshot

CHICAGO (AP) _ Allscripts Healthcare Solutions Inc. (MDRX) on Thursday reported a loss of $7.6 million in its first quarter.

On a per-share basis, the Chicago-based company said it had a loss of 4 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 16 cents per share.

The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.

The electronic health records company posted revenue of $432 million in the period. Its adjusted revenue was $432.6 million, which fell short of Street forecasts. Ten analysts surveyed by Zacks expected $437 million.

For the current quarter ending in July, AllScripts said it expects revenue in the range of $445 million to $455 million. Analysts surveyed by Zacks had expected revenue of $448.6 million.

The company expects full-year earnings in the range of 65 cents to 70 cents per share.

AllScripts shares have increased 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.94, a fall of 15% 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 MDRX at https://www.zacks.com/ap/MDRX