IRVINE, Calif. (AP) _ Nextgen Healthcare, Inc. (NXGN) on Thursday reported a fiscal first-quarter loss of $824,000, after reporting a profit in the same period a year earlier.
The Irvine, California-based company said it had a loss of 1 cent per share. Earnings, adjusted for amortization costs and stock option expense, were 21 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The provider of health care information systems posted revenue of $130.9 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $115.1 million.
Nextgen Healthcare shares have declined 22% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.54, a fall of 24% in the last 12 months.