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Quality Systems Slides After 4Q Results Disappoint

Stock quotes in this article: QSII  

NEW YORK (AP) — Shares of Quality Systems Inc. fell Friday after the health care information technology company posted disappointing fiscal fourth-quarter results.

While the Irvine, Calif., company's sales grew 29 percent in the March quarter, analysts expected stronger growth. Profit was nearly unchanged because the company's expenses increased.

In afternoon trading, Quality Systems stock lost $4.82, or 9.2 percent, to $47.85 in afternoon trading. It has ranged from $25.70 to $62 over the past year. ...

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