Quality Systems’ Shares Soar on Profit Growth
From Times Wire Services
Shares of Quality Systems Inc., a maker of medical management software, soared after the company’s fiscal first-quarter profit rose 51%, beating Wall Street estimates.
Shares of the Irvine-based company rose $6.26 to $40.26.
Net income grew to $7.7 million, or 28 cents a share, from $5.1 million, or 19 cents, a year earlier. Revenue rose 32% to $36.1 million from $27.4 million a year earlier.
