Cerner Earns 62 Cents per Share

Bookings in the second quarter of 2018 were $1.775 billion, an increase of 9 percent compared to $1.636 billion in the second quarter of 2017.

Second quarter revenue was $1.368 billion, an increase of 6 percent compared to $1.292 billion in the second quarter of 2017.

Adjusted Net Earnings for the second quarter of 2018 were $207.0 million compared to $205.5 million of Adjusted Net Earnings in the second quarter of 2017. Adjusted Diluted Earnings Per Share (EPS) were $0.62 in the second quarter of 2018 compared to $0.61 of Adjusted Diluted EPS in the year-ago quarter. Analysts’ consensus estimate for second quarter 2018 Adjusted Diluted EPS was $0.60.

“I am pleased with our second quarter results, which included all key metrics being at or above expected levels,” said Zane Burke, President. “Our results were solid across all of our major solution and services categories and included good contributions from U.S. and non-U.S. regions. Looking ahead, we believe our solutions and tech-enabled services are well aligned with the challenges providers and other health care stakeholders are facing, and we have a significant opportunity to grow as we help them with their transition to value-based care in coming years.”

Cerner currently expects:

-Third quarter 2018 revenue between $1.335 billion and $1.385 billion
-Full year 2018 revenue between $5.325 billion and $5.450 billion, consistent with previously provided full year guidance
-Third quarter 2018 Adjusted Diluted Earnings Per Share between $0.62 and $0.64
-Full year 2018 Adjusted Diluted Earnings Per Share between $2.45 and $2.55, consistent with previously provided guidance
-Third quarter 2018 new business bookings between $1.450 billion and $1.650 billion

Posted by on August 2nd, 2018 at 4:12 pm


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