AllScripts Healthcare reports 3rd-quarter loss of $25.8 million

MarketsAssociated Press

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.

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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.

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Elements of this story were generated by Automated Insights using data from Zacks Investment Research. MDRX stock research report from Zacks.

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Keywords:AllScripts Healthcare,Earnings Report