Soft Numbers for Allscripts

May 2, 2008

Allscripts LLC missed analysts’ financial expectations for the first quarter of 2008. Still, the company’s stock rose nearly 4% on the NASDAQ exchange May 1 after the results were disclosed.

The Chicago-based physician software vendor had net income of $80,000 during the quarter, compared with a $4.5 million profit during the same period last year. Adjusted earnings per share of 9 cents, which excludes certain items, missed expectations by 2 cents.

Quarterly revenue rose 11% to $72.1 million, but analysts expected about $75 million. Allscripts also announced it expects to meet the lower-end of its earnings projection for all of 2008. More information is available at allscripts.com.

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