Cerner Corp Q1 adjusted earnings Inline With Estimates

(RTTNews) - Cerner Corp (CERN) reported a profit for its first quarter that climbed from last year.

The company's earnings totaled $166.22 million, or $0.51 per share. This compares with $160.00 million, or $0.48 per share, in last year's first quarter.

Excluding items, Cerner Corp reported adjusted earnings of $198.53 million or $0.61 per share for the period.

Analysts had expected the company to earn $0.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.8% to $1.39 billion from $1.29 billion last year.

Cerner Corp earnings at a glance:

-Earnings (Q1): $198.53 Mln. vs. $193.93 Mln. last year. -EPS (Q1): $0.61 vs. $0.58 last year. -Analysts Estimate: $0.61 -Revenue (Q1): $1.39 Bln vs. $1.29 Bln last year.

-Guidance: Next quarter EPS guidance: $0.63 and $0.65 Next quarter revenue guidance: $1.410 - $1.460 Bln Full year EPS guidance: $2.64 and $2.72 Full year revenue guidance: $5.650 - $5.850 Bln