Cerner revenues, earnings up

Healthcare IT firm Cerner reported first-quarter revenues of $218.7 million, up 10% compared with the $198.2 million booked in the same period a year ago. For the quarter (end-April 3), the Kansas City-based firm had net earnings of $14.1 million, compared with $5.6 million last year.

Looking ahead, Cerner said it expects second-quarter revenue to be approximately $225 million to $230 million, with earnings per share (EPS) between 35¢ and 37¢. For the year, the company anticipates booking revenues at the upper end of its existing guidance range of $920 million to $940 million. Not including the 5¢ per share gain from the sale of Zynx Health, EPS will be between $1.63 and $1.67, which is up from previous guidance of $1.60 to $1.65 per share, Cerner said.

By AuntMinnie.com staff writers
April 22, 2004

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