Cerner (CERN) Reports In-Line Q3 EPS, Revenues Miss; Offers 4Q EPS Outlook Below Consensus

Cerner (NASDAQ: CERN) reported Q3 EPS of $0.63, in-line with the analyst estimate of $0.63. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.36 billion.

“Our third quarter results were solid, with all key metrics in our expected ranges,” said John Peterzalek, Chief Client Officer. “We remain optimistic about our ability to continue delivering solid results and good growth over the long term as health care is still in the early stages of driving value from digitization. We believe we are in a great position to play a significant role in helping health care stakeholders move towards a more efficient and higher quality system of care.”

GUIDANCE:

Cerner sees Q4 2018 EPS of $0.62-$0.64, versus the consensus of $0.67. Cerner sees Q4 2018 revenue of $1.37-1.42 billion, versus the consensus of $1.39 billion.

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

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