Cerner (CERN) reported earnings on Thur 26 Oct 2017 (a/h)

** charts after earnings **

 

Cerner misses by $0.01, misses on revs; guides Q4 EPS, revs below consensus; guides FY18 EPS below consensus, revs in-line 

• Reports Q3 (Sep) earnings of $0.61 per share, excluding non-recurring items, $0.01 worse than the Capital IQ Consensus of $0.62; revenues rose 7.7% year/year to $1.28 bln vs the $1.29 bln Capital IQ Consensus.
• Co issues downside guidance for Q4, sees EPS of $0.60-0.62, excluding non-recurring items, vs. $0.68 Capital IQ Consensus Estimate; sees Q4 revs of $1.3-1.35 bln vs. $1.36 bln Capital IQ Consensus Estimate.
• Co issues guidancefor FY18, sees EPS of $2.52-2.68, excluding non-recurring items, vs. $2.78 Capital IQ Consensus Estimate; sees FY18 revs of $5.5-5.7 bln vs. $5.64 bln Capital IQ Consensus Estimate.
  • According to the company, these comments should be viewed as preliminary until the Company finalizes its financial plan and provides formal guidance when it reports fourth quarter results.