Cerner Q4 Profit Declines On Higher Expenses - Quick Facts

(RTTNews) - Cerner Corp. (CERN) reported that its fourth-quarter net earnings decreased to $60.1 million or $0.17 per share, from $111.8 million or $0.32 per share, prior year. Adjusted net earnings were $136.7 million, or $0.39 per share, in the fourth quarter of 2013.

On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $0.39 for the quarter. Analysts' estimates typically exclude special items.

Revenue was $795.3 million, an increase of 12 percent compared to $710.4 million in the year-ago period. Analysts expected revenue of $794.22 million for the quarter. Bookings were $1.11 billion, an all-time high and an increase of 9 percent compared to $1.02 billion, prior year. Total operating expenses were $569.46 million, compared to $396.83 million, a year ago.

Cerner currently expects first-quarter revenue between $770 million and $810 million, and adjusted earnings per share before share based compensation expense between $0.36 and $0.37. Analysts expect the company to report first-quarter profit per share of $0.38 on revenue of $780.73 million.

The company expects full year 2014 adjusted earnings per share before share based compensation expense between $1.62 and $1.67, and revenue between $3.2 billion and $3.4 billion. Analysts expect the company to report full year 2014 profit per share of $1.66 on revenue of $3.33 billion.