Cerner Earns 72 Cents per Share

After the close, Cerner (CERN) reported Q3 earnings of 72 cents per share. Previously, Cerner said that it expected earnings of 70 to 74 cents per share.

For Q4, Cerner expects revenue between $1.365 billion and $1.415 billion and earnings between 76 and 80 cents per share. That implies full-year earnings of $2.82 to $2.86 per share which is a narrowing of the previous forecast which was $2.80 to $2.88 per share. Wall Street had been expecting Q4 earnings of 78 cents per share.

Some highlights:

Third quarter operating cash flow of $382 million and Free Cash Flow of $237 million.

Third quarter days sales outstanding of 81 days, flat quarter over quarter and up from 74 days in the year-ago quarter.

Total backlog of $13.01 billion.

For Q4, Cerner expects:

Revenue between $1.365 billion and $1.415 billion.

EPS between $0.76 and $0.80.

New business bookings between $1.550 billion and $1.750 billion.

Posted by on October 28th, 2020 at 4:17 pm


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