Allscripts Healthcare Q1 Profit Misses Estimates - Quick Facts

(RTTNews) - Allscripts Healthcare Solutions, Inc. (MDRX) reported a first-quarter net loss of $10.1 million or $0.06 per share, compared to a loss of $20.7 million or $0.12 per share, prior year. Adjusted earnings per share was $0.08, for the quarter. Adjusted EBITDA increased 4 percent to $50 million in the first quarter of 2015.

On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $0.09 for the quarter. Analysts' estimates typically exclude special items.

Revenue decreased to $334.6 million from $340.3 million last year. Analysts expected revenue of $344.73 million for the quarter. Bookings were a record $236 million compared with $223 million in the first quarter of 2014, a 6 percent increase.

On a non-GAAP basis, recurring revenue, consisting of subscriptions, recurring transactions, support, maintenance, and recurring managed services, increased 3 percent year-over-year. Non-recurring revenue, consisting of systems sales and other client services revenue, declined 19 percent, compared with the first quarter of 2014.

Allscripts confirmed its full year Adjusted EBITDA and non-GAAP earnings per share that the company introduced earlier in the current year. The company modifyed its full year revenue guidance to a range between $1.40 billion and $1.43 billion. Analysts expect the company to report fiscal year revenue of $1.43 billion.