Allscripts Falls Short
Posted on April 27, 2012 at 14:26 PM EDT
Allscripts Healthcare Solutions Inc. (Nasdaq: MDRX) blamed higher development costs for sharply lower first quarter earnings of 3 cents per share compared with 7 cents per share in the year ago period that fell far short of expectations and announced the resignation of chief financial officer Bill Davis. The stock price plummeted $5.68 to $10.34.
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