Quality Systems Reports 1% Retreat In Q2 Profit

(RTTNews) - Quality Systems (QSII) reported earnings for second quarter that lost ground compared to the same period last year.

The company said its earnings fell to $14.22 million, or $0.22 per share. This was lower than $14.37 million, or $0.23 per share, in last year's second quarter.

Analysts had expected the company to earn $0.16 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.3% to $132.61 million. This was up from $127.17 million last year.

Quality Systems earnings at a glance:

-Earnings (Q2): $14.22 Mln. vs. $14.37 Mln. last year. -Earnings Decline (Y-o-Y): -1.0% -EPS (Q2): $0.22 vs. $0.23 last year. -EPS Decline (Y-o-Y): -4.3% -Analysts Estimate: $0.16 -Revenue (Q2): $132.61 Mln vs. $127.17 Mln last year. -Revenue Change (Y-o-Y): 4.3%

-Guidance: Full year EPS guidance: $0.64 to $0.68 Full year revenue guidance: $522 - $530 Mln