Cerner (CERN) Misses Q3 EPS by 10c, Miss on Revenues; Q4 EPS/Revenue Guidance Below Consensus

Cerner (NASDAQ: CERN) reported Q3 EPS of $0.52, $0.10 worse than the analyst estimate of $0.62. Revenue for the quarter came in at $1.28 billion versus the consensus estimate of $1.29 billion.

Other 2017 Third Quarter Highlights:

• Third quarter operating cash flow of $362.9 million.
• Third quarter Free Cash Flow of $222.9 million. Free Cash Flow is a non-GAAP financial measure defined as GAAP cash flows from operating activities less capital purchases and capitalized software development costs. Please see the accompanying schedule, titled “Reconciliation of GAAP Results to Non-GAAP Results.”
• Third quarter days sales outstanding of 73 days, down from 76 days in the year-ago period.
• Total backlog of $16.53 billion, up 7 percent over the year-ago quarter.

GUIDANCE:

Cerner sees Q4 2017 EPS of $0.60-$0.62, versus the consensus of $0.68. Cerner sees Q4 2017 revenue of $1.3-1.35 billion, versus the consensus of $1.36 billion.

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

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