Quality Systems Q2 Profit Down, Misses View - Quick Facts

(RTTNews) - Quality Systems, Inc. (QSII) reported a decrease in second-quarter net income, that missed the consensus, reflecting lower revenues.

For the three-month period, the company reported net income of $10.12 million or $0.17 per share, compared with $15.69 million or $0.26 per share last year.

On average, twenty six analysts polled by Thomson Reuters expected the company to report earnings per share of $0.23 for the quarter. Analysts' estimates typically exclude one-time items.

Revenues for the period decreased to $111.08 million from $116.13 million last year. Analysts expected the company to generate revenues of $113.73 million for the quarter.

Further, the company declared a quarterly cash dividend of $0.175 per share, to be distributed on January 3, 2014, to shareholders on record December 13.