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Allscripts expects bookings to rise in second quarter; shares up

Started by riky, July 11, 2013, 09:00:19 AM

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Allscripts expects bookings to rise in second quarter; shares up

By Vrinda Manocha (Reuters) - Healthcare IT company Allscripts Healthcare Solutions Inc forecast its first quarterly growth in bookings in six quarters, sending up its shares by as much as 8.6 percent to a 15-month high. Allscripts said it expected bookings to exceed $200 million in the second quarter ending June 30, up from about $194 million in the year-earlier quarter. "We are surprised by the company's improved near-term performance," Lazard Capital Markets analyst Steven Halper wrote in a note to clients. ...

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