Cerner (CERN) Misses Q1 EPS by 5c, Beats on Revenue

Cerner (NASDAQ: CERN) reported Q1 EPS of $0.52, $0.05 worse than the analyst estimate of $0.57. Revenue for the quarter came in at $1.25 billion versus the consensus estimate of $1.23 billion.

GUIDANCE:

Cerner sees FY2017 EPS of $2.44-$2.56, versus the consensus of $2.50. Cerner sees FY2017 revenue of $5.1-5.3 billion, versus the consensus of $5.18 billion.

Future Period Guidance

Cerner currently expects:

• Second quarter 2017 revenue between $1.265 billion and $1.335 billion.
• Full year 2017 revenue between $5.100 billion and $5.300 billion, consistent with previously provided full year guidance.
• Second quarter 2017 Adjusted Diluted Earnings Per Share between $0.60 and $0.62.
• Full year 2017 Adjusted Diluted Earnings Per Share between $2.44 and $2.56, consistent with previously provided full year guidance.
• Second quarter 2017 bookings between $1.300 billion and $1.500 billion.

For earnings history and earnings-related data on Cerner (CERN) click here.

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