Allscripts Healthcare Solutions Inc (MDRX) Releases Earnings Results, Beats Expectations By $0.01 EPS

Allscripts Healthcare Solutions Inc (MDRX) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.13 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.12. The company posted revenue of $346.00 million in the period, compared to analysts expectations of $348.51 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

Many Wall Street Analysts have commented on Allscripts Healthcare Solutions Inc. Allscripts Healthcare Solutions Inc was Upgraded by Morgan Stanley to ” Overweight” on Mar 30, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 19, 2016 to “Outperform” and Lowered the Price Target to $ 17 from a previous price target of $19 .

Allscripts Healthcare Solutions Inc closed down -0.23 points or -1.70% at $13.33 with 15,83,613 shares getting traded on Wednesday. Post opening the session at $13.45, the shares hit an intraday low of $13.29 and an intraday high of $13.56 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Apr 8, 2016, Dennis Olis (SVP of Operations) sold 25,000 shares at $14.00 per share price. According to the SEC, on Mar 16, 2016, Richard J. Poulton (President) sold 5,000 shares at $12.85 per share price. On Aug 18, 2015, James Hewitt (SVP Development) sold 70,000 shares at $14.17 per share price, according to the Form-4 filing with the securities and exchange commission.

Allscripts Healthcare Solutions Inc. is engaged in engaged in delivering Information Technology (IT) and services. The Company sells its solutions to physicians hospitals governments health systems health plans retail clinics retail pharmacies pharmacy benefit managers and post-acute organizations such as home health and hospice agencies. The Company operates through three segments: Clinical and Financial Solutions Population Health and Managed Services. The Company’s solutions enable healthcare professionals with the data insights and connectivity. The Company offers Ambulatory Solutions Acute Care Solutions Population Health Management Solutions and services. Ambulatory solutions include Allscripts TouchWorks HER and Allscripts Professional HER among others. The Company’s acute care offers clinical access financial and departmental solutions. The Company designs its population health management solutions for hospitals health systems among others.

Allscripts Healthcare Solutions Inc

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