Cerner Q3 Profit Rises - Quick Facts

(RTTNews) - Cerner Corp. (CERN) reported third-quarter net income of $115.34 million or $0.33 per share, compared to $98.89 million or $0.28 per share, last year. Adjusted income for the quarter was $123.58 million or $0.35 per share.

On average, 23 analysts polled by Thomson Reuters expected the company to report profit per share of $0.35 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $727.83 million, from $676.48 million, last year. Analysts expected revenue of $757.20 million for the quarter.

The company expects its fourth-quarter revenue will be between $775 million and $815 million. Fourth-quarter adjusted earnings per share before share-based compensation expense is expected to be between $0.38 and $0.39. Analysts expect the company to report profit per share of $0.39 on revenue of $815.81 million for the quarter.