Cerner Earns 59 Cents per Share

Earnings season is coming to a close for us. After the closing bell, Cerner (CERN) reported Q3 earnings of 59 cents per share. That was one penny below Wall Street’s consensus. Previously, Cerner said it was expecting 59 to 61 cents per share.

“While Cerner’s third quarter results were slightly below our expectations, they were still solid and included the second highest level of bookings in our history,” said Zane Burke, Cerner President. “Our competitiveness remains strong and has been bolstered by over $2 billion of investments in research and development over the past four years. We believe these investments have strengthened our clinical, revenue cycle and population health solutions and position us for strong growth going forward.”

For Q4, Cerner expects 60 to 62 cents per share, and revenue between $1.225 billion and $1.300 billion. They also gave preliminary guidance for next year of $2.50 to $2.70 per share. Wall Street had been expecting $2.69 per share.

The stock was down 6% after hours.

Posted by on November 1st, 2016 at 8:18 pm


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