Cerner Q1 Adj. Profit Meets Estimate - Quick Facts

(RTTNews) - Cerner Corp. (CERN) reported that its first-quarter net earnings was $119.5 million or $0.34 per share, compared to $110.0 million or $0.31 per share, prior year.

Adjusted net earnings were $129.1 million, or $0.37 per share, up from $116.9 million or $0.33 per share in the comparable quarter last year.

On average, 28 analysts polled by Thomson Reuters expected the company to report profit per share of $0.37 for the quarter. Analysts' estimates typically exclude special items.

Revenue was $784.76 million, up from $680.03 million in the year-ago period. Analysts expected revenue of $784.72 million for the quarter.

Looking ahead to the second quarter, Cerner expects adjusted earnings per share before share based compensation expense between $0.39 and $0.40 and revenue between $790 million and $830 million. Analysts expect the company to report second-quarter profit per share of $0.40 on revenue of $810.89 million.

For full year 2014, the company now expects adjusted earnings per share before share based compensation expense between $1.63 and $1.67, and revenue between $3.25 billion and $3.4 billion. Analysts expect the company to report full year 2014 profit per share of $1.66 on revenue of $3.33 billion.

Earlier, the company expected adjusted earnings per share before share based compensation expense between $1.62 and $1.67, and revenue between $3.2 billion and $3.4 billion.