Quality Systems: Fiscal 1Q Earnings Snapshot
IRVINE, Calif. (AP) _ Quality Systems Inc. (QSII) on Tuesday reported fiscal first-quarter earnings of $2.6 million.
On a per-share basis, the Irvine, California-based company said it had profit of 4 cents. Earnings, adjusted for amortization costs and stock option expense, were 19 cents per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.
The provider of health care information systems posted revenue of $133.2 million in the period, which also beat Street forecasts. Ten analysts surveyed by Zacks expected $132.7 million.
Quality Systems expects full-year earnings in the range of 70 cents to 78 cents per share, with revenue in the range of $532 million to $548 million.
Quality Systems shares have risen 48 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $20.13, a climb of 18 percent in the last 12 months.