After the closing bell yesterday, Allscripts Healthcare Solutions (NASDAQ:MDRX) posted a decline in third quarter earnings, to $1.4 million, or $0.01 per share, compared to $12.9 million, or $0.09 per share, in the same quarter last year.
The company incurred costs this quarter related to its acquisition of Eclipsys.
Revenue grew to $242.4 million, from $164.9 million last year.
Allscripts said it is expecting 10-12% revenue growth in fiscal 2011 on a non-GAAP basis.
Also late yesterday, Priceline.com (NASDAQ:PCLN) posted third quarter earnings of $223 million, or $4.41 per share, down from $319 million, or $6.42 per share, in the same quarter last year.
Adjusted earnings of $5.33 per share were well ahead of analyst expectations, as was revenue, which rose to $1 billion, from $730.7 million last year.
Priceline is also predicting fourth quarter profit of $2.91 to $3.06 per share, better than analysts had forecast.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.