Physician software vendor Allscripts had a big increase in profit during the second quarter of fiscal 2010, but revenue fell just below investment analyst expectations. The company's stock price fell 4% in heavy trading on Jan. 10 as the company also reaffirmed its revenue guidance for the fiscal year and increased earnings expectations.
For the second quarter that ended on Nov. 30, Chicago-based Allscripts had net income of $15.8 million, compared with a $6 million loss during the same period a year earlier. Earnings per share of 16 cents beat expectations by a penny. Quarterly revenue increased 32% to $169.3 million; analysts expected about $170.6 million.
For the first half of fiscal 2010, Allscripts had net income of $28.7 million, compared with a $600,000 loss during the same period in fiscal 2009. Half-year revenue rose 51% to $334.3 million.
More information is available at allscripts.com.
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