Allscripts (MDRX) Misses Q4 EPS by 1c, Offers Q1 and FY Guidance

Allscripts (NASDAQ: MDRX) reported Q4 EPS of $0.17, $0.01 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $451.5 million versus the consensus estimate of $457.19 million.

Allscripts also announced that Rick Poulton has been named President and Chief Financial Officer of the company, effective March 3, 2020. Mr. Poulton will be replacing Dennis Olis, who will be leaving the company. Mr. Poulton previously served as the company’s Chief Financial Officer from October 2012 through March 2016.

GUIDANCE:

Allscripts sees FY2020 revenue of $1.75-1.85 billion, versus the consensus of $1.84 billion.

• Full year 2020 bookings (1) between $900 million and $1,000 million
• Full year 2020 revenue between $1,750 million and $1,850 million
• Full year 2020 non-GAAP earnings per share between $0.70 and $0.75

Allscripts sees Q1 2020 revenue of $420-430 million, versus the consensus of $450.8 million.

• First quarter 2020 bookings(1) between $175 million and $200 million
• First quarter 2020 revenue between $420 million and $430 million

For earnings history and earnings-related data on Allscripts (MDRX) click here.

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