NXGN - NextGen Healthcare shares fall despite Q4 earnings beat FY forecast

NextGen Healthcare shares slide ([[NXGN]] -12.7%) despite posting fourth-quarter results that beat Wall Street estimates, and provided a financial outlook for the year.The company's quarterly revenue increased nearly 6% to $144.19M, beating analysts' average estimate by $4.06M.Subscription services revenue in the fiscal fourth quarter generated $38.2M, or 16 percent growth over the prior year period, driven by demand for patient experience-related solutions.Fourth quarter bookings, which reflects annual contract value, was $35.1M, 13 percent higher than the prior year period.Fiscal Year 2022 Financial Outlook: Revenue between $574M and $584M; Non-GAAP earnings per share range between $0.89 and $0.95.Net loss for the fiscal 2021 fourth quarter was ($0.6)M, or $0.01 per share, compared to net loss of ($4.2)M, or $0.06 per share, for the same period a year ago.The company posted fourth-quarter adjusted profit of $0.21 per share, beating analysts' estimate by 2 cents.Previously (May 26): NextGen Healthcare EPS beats by $0.02, beats on revenue.

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NextGen Healthcare shares fall despite Q4 earnings beat, FY forecast