Quality Systems Inc. (NASDAQ:QSII) sees fourth-quarter and full year earnings and revenue below market expectations due to delays associated with both the closing of several opportunities and recognition of revenue related to a large customer implementation project.
The Irvine, California-based provider of healthcare information solutions expects fourth quarter earnings per share (EPS) between 24 cents and 27 cents on revenue of $107 to $111 million. Analysts, on average, expect EPS of 38 cents on revenue of $116 million.
QSII forecasts EPS of $1.27 to $1.30 on revenue between $428 and $431 million for 2012, trailing consensus estimate of EPS of $1.41 and revenue of $437 million.
For fiscal 2013, the company guided EPS growth between 20 and 25 percent on revenue gains of between 20 and 24 percent.
In the preceding third quarter, QSII earned 36 cents on revenue of $113 million.
The company operates through four divisions: QSI Dental, NextGen, Inpatient Solutions, and Practice Solutions.
QSII shares ended Wednesday's regular trading at $32.09. The stock has been trading in the 52-week range between $30.54 and $50.70.