Quality Systems Q1 Profit Drops 2%

(RTTNews) - Quality Systems (QSII) announced earnings for first quarter that fell compared to the same period last year.

The company said its profit dropped to $9.35 million, or $0.15 per share. This was lower than $9.56 million, or $0.16 per share, in last year's first quarter.

Analysts had expected the company to earn $0.18 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.0% to $122.21 million. This was up from $122.16 million last year.

Quality Systems earnings at a glance:

-Earnings (Q1): $9.35 Mln. vs. $9.56 Mln. last year. -Earnings Decline (Y-o-Y): -2.2% -EPS (Q1): $0.15 vs. $0.16 last year. -EPS Decline (Y-o-Y): -6.2% -Analysts Estimate: $0.18 -Revenue (Q1): $122.21 Mln vs. $122.16 Mln last year. -Revenue Change (Y-o-Y): 0.0%

-Guidance: Full year EPS guidance: $0.75 - $0.81 Full year revenue guidance: $494 - $510 Mln