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Cerner sees YOY rise in Q3 profit

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Cerner sees YOY rise in Q3 profit

Cerner Corp.'s adjusted EPS for the third quarter was 66 cents per share, flat compared to the S&P Global Market Intelligence consensus normalized EPS estimate.

The North Kansas City, Mo.-based healthcare technology company's rose year over year from 63 cents, with adjusted net earnings rising on a yearly basis to $211.7 million from $209.4 million.

The company's GAAP net earnings fell on a yearly basis to $81.9 million, or 26 cents per share, from $169.4 million, or 51 cents per share. Revenues climbed year over year to $1.43 billion from $1.34 billion.

Cerner expects fourth-quarter revenue to be between $1.41 billion and $1.46 billion, while adjusted EPS is expected to be in the range of 73 cents to 75 cents.

The S&P Global Market Intelligence consensus normalized EPS estimate for the fourth quarter is 74 cents.