Cerner Corp Q3 adjusted earnings Inline With Estimates

(RTTNews) - Cerner Corp (CERN) released a profit for third quarter that fell from the same period last year.

The company's profit came in at $169.38 million, or $0.51 per share. This compares with $177.42 million, or $0.52 per share, in last year's third quarter.

Excluding items, Cerner Corp reported adjusted earnings of $209.45 million or $0.63 per share for the period.

Analysts had expected the company to earn $0.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.7% to $1.34 billion from $1.28 billion last year.

Cerner Corp earnings at a glance:

-Earnings (Q3): $209.45 Mln. vs. $205.93 Mln. last year. -EPS (Q3): $0.63 vs. $0.61 last year. -Analysts Estimate: $0.63 -Revenue (Q3): $1.34 Bln vs. $1.28 Bln last year.

-Guidance: Next quarter EPS guidance: $0.62 - $0.64 Next quarter revenue guidance: $1.370 - $1.420 Bln