Quality Systems Slips To Loss In Q3 - Quick Facts

(RTTNews) - Quality Systems, Inc. (QSII) Thursday reported third-quarter net loss of $12.59 million, compared to a net income of $15.63 million in the previous year.

Loss per share was $0.21, in comparison with earnings of $0.26 per share reported last year.

The company said its recent-quarter results were partially impacted by previously announced impairment of certain long-lived assets in its Hospital Solutions Division, which resulted in a non-cash charge of $26.0 million.

On a non-GAAP basis, earnings per share were $0.11, while the company posted earnings of $0.29 per share a year earlier.

On average, 17 analysts polled by Thomson Reuters expected the company to earn $0.21 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly revenues declined 5 percent to $108.85 million from $114.51 million reported in the third quarter of fiscal 2013. Analysts estimated revenues of $113.76 million for the quarter.