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Cerner beats earnings views, offers guidance

April 27, 2017

Cerner Corp ( CERN ) released earnings for its first quarter that climbed compared to the same period last year.

The company said its bottom line rose to $197.80 million, or $0.59 per share. This was higher than $182.40 million, or $0.53 per share, in last year’s first quarter.

Analysts had expected the company to earn $0.57 per share, according figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company said revenue for the quarter rose 10.5% to $1.26 billion. This was up from $1.14 billion last year.

Cerner Corp earnings at a glance:

-Earnings (Q1): $197.80 Mln. vs. $182.40 Mln. last year.
-Earnings Growth (Y-o-Y): 8.4%
-EPS (Q1): $0.59 vs. $0.53 last year.
-EPS Growth (Y-o-Y): 11.3%
-Analysts Estimate: $0.57
-Revenue (Q1): $1.26 Bln vs. $1.14 Bln last year.
-Revenue Change (Y-o-Y): 10.5%

Guidance:

Next quarter EPS guidance: $0.60 and $0.62
Next quarter revenue guidance: $1.265 - 1.335 Bln
Full year EPS guidance:  $2.44 and $2.56
Full year revenue guidance: $5.100 - $5.300 Bln

http://bit.ly/2oCtyJo

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