Quality Systems Falls After Earnings

Shares of Quality Systems QSII have been hit hard on Thursday. The stock has lost 4.30% and is currently trading at $84.94. The company reported fiscal Q4 net income of $18.55 million or $0.64 per share, versus $13.06 million or $0.45 per share in the year ago period. Wall Street analysts had consensus EPS estimates of $0.61 per share going into the report. Total revenues came in at $97.11 million, which was a 24% increase from the $78.51 million the company reported in the year ago period. This exceeded analysts' consensus revenue estimates of $94.83 million.