RTTNews | Jul 31, 2020 10:30AM EDT

10:30 Friday, July 31, 2020 (RTTNews.com) - Shares of Allscripts Healthcare Solutions, Inc. (MDRX) are currently climbing over 20% on Friday morning. Thursday, the company announced second-quarter results that trounced earnings and revenues estimates.

Separately, Allscripts also agreed to sell EPSi, a provider of financial decision support and planning tools for hospitals and health systems, to Strata Decision Technology for $365 million. Allscripts Healthcare's second-quarter loss narrowed to $7.5 million or $0.05 per share from $149.9 million or $0.90 per share last year. Adjusted earnings for the quarter rose to $0.18 per share from $0.17 per share last year.

Quartely revenues dropped to $406 million from $445 million last year.

Analysts had expected earnings of $0.12 per share and revenues of $399.8 million.

MDRX is currently trading at $9.15, up $1.56 or 20.55%, on the Nasdaq.

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