Community hospital information systems vendor Computer Programs and Systems Inc. saw its stock price increase on April 27 despite mixed financial results for the first quarter of 2012.
Mobile, Ala.-based CPSI saw first quarter net income climb 5.1 percent to $5.65 million, but earnings per share of 51 cents came in five cents below expectations. Quarterly revenue increased 10.2 percent to $44.5 million.
The stock price was up 7 percent in late morning trading on April 27 with moderately higher trading volume.
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