Cerner Profit Meets Estimate, Revenue Misses; Q4 Outlook Weak - Quick Facts

(RTTNews) - Healthcare information technology provider Cerner Corp (CERN) Thursday reported third-quarter net earnings of $129 million or $0.37 per share compared with $115 million or $0.33 per share last year.

Excluding items, adjusted earnings for the quarter were $0.42 per share compared with $0.35 per share a year ago.

Revenues for the quarter were up 15% at $840 million compared with $727.8 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.42 per share on revenues of $855.6 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the fourth quarter, the company expects adjusted earnings of $0.46 to $0.47 per share on revenues of $880 million to $915 million. Analysts expect earnings of $0.47 per share on revenues of $904.6 million.