ATLANTA—Health care software company Eclipsys Corp. said Tuesday its first-quarter net income declined on a slew of charges, but adjusted earnings and revenue beat Wall Street's expectations, sending shares higher in morning trading.
For the three months ended March 31, the company earned $290,000, or a penny per share, down from a profit of $2.4 million, or 4 cents per share, in the same period a year earlier.
Excluding stock options costs, relocation expenses, litigation costs and other items, the company earned $8.1 million, or 15 cents per share. On this basis, analysts polled by Thomson Financial expected a profit of 14 cents per share.
Revenue rose 10 percent to $124.4 million from $113 million. Analysts expected sales of $120.8 million.
Shares rose 86 cents, or 4 percent, to $22.54 in morning trading. In the past 52 weeks, the stock has traded between $18.17 and $26.34.
