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Earnings Review: January 8, 2009
By: iStockAnalyst   Thursday, January 08, 2009 9:32 PM

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(By Salman - iStockAnalyst Writer)Late on Thursday, Allscripts-Misys Healthcare Solutions Inc. (NASDAQ: MDRX) announced it that swung to a second quarter loss of $6 million, or 5 cents a share, compared to net income of $5.5 million, or 7 cents a share, in the prior year quarter. Net sales jumped 33% to $128.6 million from $96.4 million a year ago. Analysts on average expected the company to report second quarter earnings of 19 cents a share on sales of $701.40 million. Shares of Allscripts-Misys rose 4.17% in after hours trade on Thursday.

Educational services provider Apollo Group Inc.(NASDAQ: APOL) said that its first quarter net income jumped to $180.4 million or $1.12 a share, from $139.9 million or 83 cents a share in the corresponding quarter a year ago. Revenue increased 24.4% to $971.0 million from $780.7 million in year ago quarter. Consensus expectations were for net earnings of 98 cents a share and $912.37 million in revenue for the quarter. Total Degreed Enrollment in the first quarter rose by 18.4% year-over-year to 384,900 while New Degreed Enrollment surged nearly 26% year-over-year. Chas Edelstein, Chief Executive Officer, Apollo said "Our flagship University of Phoenix contributed significantly to our results, and we are very pleased with the continued growth in bachelor degree seeking students, which is an important market for us." Shares of the company soared 8.78% in extended trading.

DemandTec Inc. (NASDAQ: DMAN),provider of on-demand optimization solutions for retailers, reported that its third quarter loss narrowed to $808,000 or 3 cents a share compared to a loss of $967,000 or 4 cents a share in the same quarter a year ago. Revenue grew 19% to $19.0 million from $15.9 million in third quarter of last year. Analysts on average had projected earnings of 3 cents a share, excluding charges, on revenue of $18.71 million. President and CEO of DemandTec stated "Our financial performance for our third quarter of fiscal year 2009 is further evidence of DemandTec's ability to continue to produce positive results during a period of economic uncertainty." DemandTec jumped 11.58% in late trading.

Healthways Inc. (NASDAQ: HWAY), provider of health and care support solutions, said that its first quarter profit surged 13% to $12.58 million or 37 cents a share from $11.18 million or 30 cents a share in the comparable quarter last year. Net Sales for the quarter rose 5% to $185.40 million from $175.82 million in the corresponding quarter last year. On average, analysts had estimated earnings of 36 cents a share on sales of $179.54 million. CEO Ben Leedle said that Healthways produced 23% growth in comparable-quarter earnings per share for the three months ended November 30, 2008, as well as a slight improvement in profit margins.

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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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