Quality Systems Inc., an Irvine healthcare software maker, on Friday reported results for its most recent quarter that missed Wall Street estimates.
The company reported a profit of $13.4 million in the three months ended Sept. 30, which was 14% higher than a year earlier.
But the company’s profit was below the consensus estimate of $14.2 million that analysts expected.
Quality makes software that doctors and dentists use to manage their practices. It has been expecting a boost from federal stimulus spending and healthcare reform, but that’s taken a while to materialize.
Quarterly revenue grew 14% to $81.5 million. But that was below Wall Street’s projection of $85.7 million.
Quality doesn’t provide quarterly financial guidance.
Wall Street expects the company to make $16 million on revenue of $90.1 million in the current quarter.
