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What: Shares of MedAssets (Nasdaq: MDAS ) fell 11% today after the company reported earnings after the bell yesterday.
So What: MedAssets, which provides financially related software and services to hospitals and health care providers, had a third-quarter revenue increase of 16%. Earnings -- excluding acquisition-related expenses -- rose 14%. Management also lowered guidance for the next quarter, and that certainly contributed to the drop.
Now What: In the conference call management did acknowledge some lumpiness in contracted revenue, as "several large deals" did not close in the third quarter as expected, though they "remain in the near-term sales pipeline." CEO John Bardis says that most all of his leading indicators for contracted revenue growth remain robust, however.
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