Allscripts Downgraded To Neutral
We downgrade our rating to Neutral for Allscripts Healthcare Solutions (NASDAQ:MDRX). Its first quarter earnings per share of 10 cents missed the Zacks Consensus Estimate of 20 cents. Reported net income for the quarter was $5.8 million (or 3 cents per share) compared with a net income of $12.6 million (or 7 cents per share) [...]
We downgrade our rating to Neutral for Allscripts Healthcare Solutions (NASDAQ:MDRX). Its first quarter earnings per share of 10 cents missed the Zacks Consensus Estimate of 20 cents.
Reported net income for the quarter was $5.8 million (or 3 cents per share) compared with a net income of $12.6 million (or 7 cents per share) in the year-ago quarter. The lower profit was on account of several factors such as deterioration in sales mix and expenditures for marketing and product development.
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