Allscripts Healthcare Solutions Inc. on Thursday posted lower-than-expected third-quarter results and the stock of the electronic health records company tumbled in extended trading.
The Chicago-based company reported a loss of $25.8 million in its third quarter, or 15 cents per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 6 cents per share.
The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
Allscripts posted revenue of $345.4 million in the period, which also fell short of Street forecasts. Analysts expected $353.6 million, according to Zacks.
A year ago, the company reported a loss of $48.9 million, or 27 cents a share, on revenue of $330.2 million.
Allscripts shares fell $2.10, or 15.5 percent, to $11.45 in after-hours trading following the release of the earnings report. Through the close of regular-session trading Thursday, they were down 12 percent since the beginning of the year.
Elements of this story were generated by Automated Insights using data from Zacks Investment Research. MDRX stock research report from Zacks.
Keywords:AllScripts Healthcare,Earnings Report