Why Allscripts Stock Blasted 16% Higher Today

Allscripts Healthcare Services (NASDAQ: MDRX) was a big winner in a losing session for the stock market on Tuesday. The healthcare technology company's shares rose a mighty 16% on the day, thanks to preliminary results that topped both internal and external expectations. The announcement of a new share repurchase program didn't hurt, either.

For its fourth quarter of 2021, Allscripts' preliminary figures indicate that revenue came in at $390 million to $395 million. That's comfortably above the average analyst estimate of just under $387 million.

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Source Fool.com