Cerner Corp Q1 adjusted earnings Beat Estimates

(RTTNews) - Cerner Corp (CERN) released a profit for first quarter that declined from last year.

The company's bottom line totaled $147.16 million, or $0.47 per share. This compares with $166.22 million, or $0.51 per share, in last year's first quarter.

Excluding items, Cerner Corp reported adjusted earnings of $222.71 million or $0.71 per share for the period.

Analysts had expected the company to earn $0.70 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.4% to $1.41 billion from $1.39 billion last year.

Cerner Corp earnings at a glance:

-Earnings (Q1): $222.71 Mln. vs. $198.53 Mln. last year. -EPS (Q1): $0.71 vs. $0.61 last year. -Analysts Estimate: $0.70 -Revenue (Q1): $1.41 Bln vs. $1.39 Bln last year.

-Guidance: Next quarter EPS guidance: $0.60 - $0.64 Next quarter revenue guidance: $1.340 - $1.390 Bln Full year EPS guidance: $2.78 - $2.90 Full year revenue guidance: $5.550 - $5.700 Bln