Cerner Profit In Line, Revenue Beats; Outlook Weak

(RTTNews) - Cerner Corp (CERN), the healthcare information technology provider, on Tuesday reported fourth-quarter net earnings of $147.9 million or $0.42 per share. This compares with a profit of $60 million or $0.17 per share last year, when the company incurred a settlement charge of $0.19 per share.

Excluding items, adjusted earnings for the quarter were $0.47 per share compared with $0.39 per share a year ago.

Revenues for the quarter were $926 million compared with $795.3 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.47 per share on revenues of $904.3 million for the quarter. Analysts' estimates typically exclude special items.

For the first quarter, the company expects adjusted earnings of $0.44 to $0.45 per share on revenues of $1.05 billion to $1.1 billion. Analysts expect earnings of $0.46 per share on revenues of $1.09 billion.

For the full year 2015, Cerner projects adjusted earnings of $2.05 to $2.15 per share on revenues of $4.8 billion and $5.0 billion. Analysts expect earnings of $2.12 per share on revenues of $4.91 billion.