Quality Systems Q2 Profit Down, Misses Estimates - Quick Facts

(RTTNews) - Healthcare software provider Quality Systems, Inc. (QSII) Thursday reported lower earnings for the second quarter, reflecting higher operating expenses. Total revenues grew by 9 percent. Net income declined to $4.8 million or $0.08 per share from $10.1 million or $0.17 per share last year. Excluding certain items, the company earned $0.13 per share. On average, 22 analysts polled by Thomson-Reuters estimated the company's earnings to be $0.14 for the quarter. Analysts' estimates typically exclude one-time items. Quarterly revenues improved to $120.5 million from $111.1 million a year ago. Analysts expected revenue of $119.48 million for the quarter. Quality Systems incurred total operating expenses of $56.5 million, higher than $47.5 million in the year-ago period.

The company proposed a quarterly cash dividend of $0.175 per share, payable on January 2, to shareholders on record as of December 12.