Quality Systems Q1 adjusted earnings Beat Estimates

(RTTNews) - Quality Systems (QSII) released a profit for first quarter that declined from last year.

The company's bottom line totaled $2.65 million, or $0.04 per share. This compares with $3.89 million, or $0.06 per share, in last year's first quarter.

Excluding items, Quality Systems reported adjusted earnings of $12.25 million or $0.19 per share for the period.

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

The company's revenue for the quarter rose 1.7% to $133.20 million from $130.92 million last year.

Quality Systems earnings at a glance:

-Earnings (Q1): $12.25 Mln. vs. $10.47 Mln. last year. -EPS (Q1): $0.19 vs. $0.17 last year. -Analysts Estimate: $0.18 -Revenue (Q1): $133.20 Mln vs. $130.92 Mln last year.

-Guidance: Full year EPS guidance: $0.70 - $0.78 Full year revenue guidance: $532 - $548 Mln