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Nextgen Healthcare: Fiscal 3Q Earnings Snapshot

January 23, 2019

IRVINE, Calif. (AP) _ Nextgen Healthcare, Inc. (NXGN) on Wednesday reported fiscal third-quarter earnings of $4.8 million.

On a per-share basis, the Irvine, California-based company said it had net income of 7 cents. Earnings, adjusted for one-time gains and costs, were 18 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The provider of health care information systems posted revenue of $130.9 million in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $130.8 million.

Nextgen Healthcare expects full-year earnings in the range of 72 cents to 76 cents per share, with revenue in the range of $525 million to $535 million.

Nextgen Healthcare shares have increased 20 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.11, a climb of 34 percent 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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