Quality Systems Q4 Profit Declines 8%

(RTTNews) - Quality Systems (QSII) released earnings for fourth quarter that dropped from last year.

The company said its bottom line fell to $11.54 million, or $0.19 per share. This was lower than $12.52 million, or $0.21 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.17 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.4% to $127.91 million. This was down from $128.39 million last year.

Quality Systems earnings at a glance:

-Earnings (Q4): $11.54 Mln. vs. $12.52 Mln. last year. -Earnings Decline (Y-o-Y): -7.8% -EPS (Q4): $0.19 vs. $0.21 last year. -EPS Decline (Y-o-Y): -9.5% -Analysts Estimate: $0.17 -Revenue (Q4): $127.91 Mln vs. $128.39 Mln last year. -Revenue Change (Y-o-Y): -0.4%