Cerner Q2 Profit Matches Estimates - Quick Facts

(RTTNews) - Cerner Corp. (CERN) reported second quarter 2015 net earnings of $115.0 million and earnings per share of $0.33 compared to $129.0 million and earnings per share of $0.37, prior year. Adjusted earnings per share were $0.52 in the second quarter of 2015.

On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $0.52 for the quarter. Analysts' estimates typically exclude special items.

Revenue was $1.13 billion, an increase of 32 percent compared to $851.8 million in the year-ago period. Bookings were $1.29 billion, an all-time high and an increase of 20 percent compared to $1.08 billion in second quarter 2014. Analysts expected revenue of $1.20 billion for the quarter.

For full year 2015, Cerner currently expects: adjusted earnings per share before share based compensation expense, voluntary separation plan expense and acquisition-related adjustments between $2.09 and $2.15, as compared to a prior estimated range of $2.07 to $2.15; and revenue between $4.475 billion and $4.575 billion, as compared to a prior estimated range of $4.65 billion to $4.8 billion. Analysts expect the company to report earnings per share of $2.12 on revenue of $4.72 billion.

For third quarter 2015, Cerner currently expects: revenue between $1.15 billion and $1.2 billion, and adjusted earnings per share before share based compensation expense, voluntary separation plan expense and acquisition-related adjustments between $0.54 and $0.55. Analysts expect the company to report earnings per share of $0.55 on revenue of $1.22 billion.