Cerner Earns 63 Cents per Share

Cerner (CERN) reported Q4 earnings of 63 cents per share, up from 58 cents per share in Q4 of 2017. Cerner’s result matched Wall Street’s forecast. Q4 revenue rose 4% to $1.366 billion. For the year, Cerner made $2.45 per share and revenue rose 4% to $5.366 billion.

The healthcare IT firm also they’ll initiate a quarterly dividend of 15 cents per share starting in the third quarter.

“We finished the year on a solid note and in line with full-year expectations,” said Brent Shafer, Chairman and CEO. “After one year at Cerner, I have confirmed my initial view that we have significant opportunity to grow and create value in health care, and we are refining our operating model so we can innovate at scale, deliver value to clients faster, and grow profitably. Our confidence in Cerner’s growth outlook, combined with strong cash flow and balance sheet, put us in a position to return capital to shareholders by initiating a quarterly dividend. This move along with the existing share repurchase program underscores our commitment to delivering shareholder value.”

Cerner expects:

Q1 2019 revenue between $1.365 billion and $1.415 billion, and 2019 revenue between $5.650 billion and $5.850 billion.

Q1 EPS between $0.60 and $0.62, and 2019 EPS between $2.57 and $2.67.

First quarter 2019 new business bookings between $1.100 billion and $1.300 billion.

Posted by on February 5th, 2019 at 4:08 pm


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