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What: Shares of MedAssets
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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Fool analyst Rex Moore owns no companies mentioned here. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.