Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Allscripts Healthcare Solutions Shares Soared

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of health-care information technology provider Allscripts Healthcare Solutions (NASDAQ: MDRX  ) rose as much as 15% after the company reported its fourth-quarter earnings results.

So what: Consider this one a complete head-scratcher because Allscripts results continued an ongoing theme of not being particularly good. For the quarter, Allscripts earned $0.16 per share as revenue fell 5% to $368 million. Wall Street estimates had called for a profit of $0.21 and revenue of $367.1 million. Total bookings grew 11% from the sequential third quarter, but fell by 45% from the year-ago period. According to Allscripts' CEO, Paul Black, "Our fourth quarter and 2012 financial results did not meet our expectations."

Now what: And Allscripts is rallying because...? Feel free to enlighten me, because this appears as confusing a move on a pretty bad earnings report as I've seen. Allscripts' strategic review didn't amount to a sale of the company, and I can only imagine that was because the interested parties didn't like what they saw with recent booking trends. Given Allscripts' struggles, I would strongly suggest looking elsewhere in the health-care IT sector.

Craving more input? Start by adding Allscripts Healthcare Solutions to your free and personalized watchlist so you can keep up on the latest news with the company.

While you can certainly make huge gains in health-care IT names like Allscripts, the best investing approach is to choose great companies and stick with them for the long term. The Motley Fool's free report "3 Stocks That Will Help You Retire Rich" names stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.

Read/Post Comments (1) | Recommend This Article (4)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On February 21, 2013, at 10:30 AM, tye45 wrote:

    LOL, you don't have 'it all' figured out like you pretend to? Hahaha!

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2266304, ~/Articles/ArticleHandler.aspx, 9/26/2016 1:43:59 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 days ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:00 PM
MDRX $13.25 Down -0.12 -0.90%
Allscripts CAPS Rating: ***