Nextgen Healthcare: Fiscal Q4 Earnings Snapshot

IRVINE, Calif. (AP) _ Nextgen Healthcare, Inc. (NXGN) on Wednesday reported a loss of $580,000 in its fiscal fourth quarter.

On a per-share basis, the Irvine, California-based company said it had a loss of 1 cent. Earnings, adjusted for stock option expense and non-recurring costs, were 21 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.

The provider of health care information systems posted revenue of $144.2 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $139.9 million.

For the year, the company reported profit of $9.5 million, or 14 cents per share. Revenue was reported as $556.8 million.

Nextgen Healthcare expects full-year earnings in the range of 89 cents to 95 cents per share, with revenue in the range of $574 million to $584 million.

Nextgen Healthcare shares have risen roughly 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.72, a rise of 75% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NXGN at https://www.zacks.com/ap/NXGN

The Associated Press