The stock price of Allscripts Healthcare Solutions fell 5.6 percent at the open of trading on May 10 as the software vendor announced first quarter 2013 results that significantly missed investment analyst expectations.
The stock was down in the single digits throughout the trading day on heavy trading, then rallied toward the end to close at $13.47 per share, down 2.7 percent. The company had a net loss of $11.6 million compared with income of $5.8 million during the first quarter of 2012. Adjusted earnings per share was 9 cents, missing an analyst consensus of 14 cents. First quarter revenue of $347.1 million was down 4.8 percent from the previous year and missed expectations of nearly $368 million.
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