Shares of Quality Systems Inc., an Irvine-based medical software company, fell Friday after its most recent quarterly results missed Wall Street’s expectations.
Quality? shares were down about 7% Friday with a market value of $1.4 billion.
Quality reported first-quarter profits that were up 1% to $11.4 million.
But analysts expected Quality to post a $13.3 million profit.
Revenue rose 39% to $65.8 million, which was still below Wall Street? projection of $68 million.
Quality makes software that doctors and dentists use to manage their practices. The company said that some of its customers delayed purchases because of uncertainty relating to President Obama? economic stimulus package, which was signed in February.
