The stock price for community hospital information systems vendor Computer Programs and Systems Inc. rose 9 percent in morning trading on April 23 after the company reported mixed financial results for the first quarter of 2010, but raised expectations for the second quarter.
Mobile, Ala.-based CPSI had first quarter net income of $2.9 million, down 27 percent from the same period a year ago, as clients rescheduled two system installations to later this year. Earnings per share of 27 cents missed investment analyst expectations by a nickel. Quarterly revenue increased 4.7 percent to $31.5 million.
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