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Nextgen Healthcare: Fiscal 1Q Earnings Snapshot

July 24, 2019

IRVINE, Calif. (AP) _ Nextgen Healthcare, Inc. (NXGN) on Wednesday reported fiscal first-quarter net income of $1.2 million.

The Irvine, California-based company said it had profit of 2 cents per share. Earnings, adjusted for amortization costs and stock option expense, were 16 cents per share.

The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.

The provider of health care information systems posted revenue of $131.9 million in the period, also missing Street forecasts. Eight analysts surveyed by Zacks expected $136 million.

Nextgen Healthcare expects full-year earnings in the range of 82 cents to 90 cents per share, with revenue in the range of $536 million to $550 million.

Nextgen Healthcare shares have increased 35% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $20.52, a rise of roughly 2% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NXGN at https://www.zacks.com/ap/NXGN

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