Two Orange County healthcare technology companies took divergent paths Friday on Wall Street.
Investors hammered Irvine-based Quality Systems Inc.,one of the hottest local stocks last year.
Quality’s shares fell more than 10% in midday trading after posting a quarterly profit Thursday that was up 14% but missed analysts’ expectations.
The company, which makes software that doctors and dentists use to manage their practices, reported a $4.8 million profit. Analysts expected the company to earn $5.9 million in the quarter.
Sales were up 21% to $26.8 million.
Quality’s shares 19% of their value in afterhours trading Thursday after closing down 8.1% in regular trading. The company counts a market value of $930 million.
Shares of TriZetto Group Inc. of Newport Beach shot up as much as 18% Friday after its quarterly earnings beat estimates.
TriZetto, which counts an $800 million market value, released results after the market closed on Thursday.
The company’s quarterly profit was $6.26 million, down 2% from a year ago, but well above expectations of $3.7 million. Revenue was up 1% to $74.8 million. But that surprised analysts, who were looking for revenue of $72 million.
TriZetto helps health plans and benefits administrators manage data through software and Web sites.
