AllScripts Healthcare reports fourth-quarter loss of $2.2 million

MarketsAssociated Press

Allscripts Healthcare Solutions Inc. (MDRX) on Thursday reported a loss of $2.2 million in its fourth quarter.

The Chicago-based company said it had a loss of 1 cent per share. Earnings, adjusted for one-time gains and costs, were 9 cents per share.

Continue Reading Below

The results did not meet Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.

The electronic health records company posted revenue of $343.2 million in the period, which also fell short of Street forecasts. Analysts expected $358.8 million, according to Zacks.

AllScripts expects full-year earnings in the range of 42 cents to 50 cents per share, with revenue in the range of $1.43 billion to $1.46 billion.

AllScripts shares have dropped slightly since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.74, a decrease of 31 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 MDRX at http://www.zacks.com/ap/MDRX

_____

Keywords: AllScripts Healthcare, Earnings Report