Allscripts Surges On Strong Q2 Forecast

(RTTNews) - Shares of Allscripts Healthcare Solutions, Inc. (MDRX) climbed over 8 percent in extended trade on Thursday, after the company guided second-quarter adjusted earnings and revenues above Wall Street estimates.

The company expects a net loss of about $0.01 per share. Adjusted earnings are estimated to be about $0.12 per share for the second quarter, while it totaled $0.09 per share last year.

On average, 25 analysts polled by Thomson Reuters currently expect the company to report earnings $0.10 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue is estimated in the range of $350 million to $353 million. Analysts look for revenues of $347.13 million for the second quarter.

Allscripts generated revenue of $351 million in the second quarter of 2014.

The company expects second quarter bookings to be in a range of $255 million to $260 million, a record for the period.

Allscripts is scheduled to announce second quarter earnings after the close of regular stock market hours on August 4.

The stock closed up 0.5 percent on Thursday at $13.62, and climbed 8.1 percent in the extended trade.