AllscriptsHealthcare Solutions Inc. adjusted its for 2016.
The new guidance reflects the consolidation of the NetsmartTechnologies Inc. jointventure into the company's financial statements, beginning in thesecond quarter, according to a May 5 news release. The joint venture willcombine the Allscripts Homecare business with Netsmart's Care Fabric suite ofsolutions.
Allscripts increased its expected revenue to between $1.58billion and $1.61 billion, equal to midpoint range growth of 15% year overyear, versus its previous estimate of between $1.43 billion and $1.46 billion.Adjusted EBITDA was also raised to between $280 million and $300 million, equalto midpoint range growth of 20% year over year, versus its previous estimate ofbetween $265 million and $285 million.
The company reiterated its non-GAAP EPS guidance of between55 cents and 62 cents, equal to midpoint range growth of 24% year over year.
The S&P Capital IQ consensus normalized EPS estimate for2016 is 58 cents.
Allscripts reported first-quarter GAAP net incomeattributable to stockholders of $2.0 million, or 1 cent per share, comparedwith a net loss attributable to stockholders of $10.1 million, or 6 cents pershare, in the prior-year period. Non-GAAP net income attributable to thecompany for the first quarter totaled $25.0 million, or 13 cents per share,compared with $14.9 million, or 8 cents per share, in the year-ago quarter.
The S&P Capital IQ consensus normalized EPS estimate forthe quarter was 12 cents.