The stock of Quality Systems Inc., parent of NextGen Healthcare Information Systems, lost one-third of its value in heavy trading on July 26 after reporting fiscal 2013 first quarter financial results that fell well below investor expectations. The stock fell from $23.63 per share to close at $15.95.
The explanation from the company, suggesting slower sales from its core base of larger physician practices, and the absence of future guidance on financial performance, made the bad quarter even more unsettling.
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