Cerner Q1 Profit Matches Estimates; Updates Full Year Guidance - Quick Facts

(RTTNews) - Cerner Corporation (CERN) reported first quarter net earnings of $110.9 million or $0.32 per share, compared to $119.5 million or $0.34 per share, prior year. Adjusted earnings per share were $0.45 in the first quarter of 2015.

On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $0.45 for the quarter. Analysts' estimates typically exclude special items.

Revenue was $996.1 million, an increase of 27 percent compared to $784.8 million in the year-ago period. Analysts expected revenue of $1.09 billion for the quarter.

Bookings in the first quarter of 2015 were $1.20 billion, an all-time high and an increase of 32 percent compared to $910.2 million in first quarter 2014.

Cerner expects Second quarter 2015 revenue between $1.175 billion and $1.225 billion, and adjusted earnings per share before share based compensation expense and acquisition related adjustments between $0.51 and $0.52. Analysts expect the company to report second-quarter earnings per share of $0.52 on revenue of $1.24 billion.

Cerner now expects Full year 2015 revenue between $4.65 billion and $4.8 billion, as compared to a prior range of $4.8 billion to $5.0 billion. Full year 2015 adjusted earnings per share before share based compensation expense and acquisition-related adjustments are now expected to be between $2.07 and $2.15, as compared to a prior range of $2.05 to $2.15. Analysts expect the company to report fiscal year earnings per share of $2.12 on revenue of $4.92 billion.