CERN
$69.31
Cerner
$1.83
2.71%
Earnings Details
2nd Quarter June 2020
Wednesday, July 29, 2020 4:01:00 PM
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Summary

Cerner Misses

Cerner (CERN) reported 2nd Quarter June 2020 earnings of $0.61 per share on revenue of $1.3 billion. The consensus earnings estimate was $0.61 per share on revenue of $1.4 billion. The Earnings Whisper number was $0.62 per share. Revenue fell 7.0% compared to the same quarter a year ago.

The company said in its full earnings release said it expects third quarter non-GAAP earnings of $0.70 to $0.74 per share on revenue of $1.35 billion to $1.40 billion. The current consensus earnings estimate is $0.70 per share on revenue of $1.39 billion for the quarter ending September 30, 2020. The company said it expects 2020 earnings of $2.80 to $2.88 per share on revenue of $5.45 billion to $5.55 billion. The company's previous guidance was earnings of $2.78 to $2.90 per share on revenue of $5.55 billion to $5.70 billion and the current consensus earnings estimate is $2.83 per share on revenue of $5.61 billion for the year ending December 31, 2020.

Cerner Corp is a supplier of health care information technology, and offers software, professional services, medical device integration, remote hosting and employer health and wellness services.

Results
Reported Earnings
$0.61
Earnings Whisper
$0.62
Consensus Estimate
$0.61
Reported Revenue
$1.33 Bil
Revenue Estimate
$1.36 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

Cerner Reports Second Quarter 2020 Results

KANSAS CITY, Mo., July 29, 2020 (GLOBE NEWSWIRE) -- Cerner Corporation (Nasdaq: CERN) today announced results for the 2020 second quarter that ended June 30, 2020.  The quarterly financial results can be viewed on the company’s website at https://investors.cerner.com/financial-releases.

Cerner will host an earnings conference call to provide additional detail on the Company’s results and outlook at 3:30 p.m. CT on July 29, 2020.  On the call, Cerner will discuss its second quarter 2020 results and answer questions from the investment community.  The call may also include discussion of Cerner developments, and forward-looking and other material information about business and financial matters.  The dial-in number for the conference call is (678) 509-7542; the passcode is Cerner.  Cerner recommends joining the call 15 minutes early for registration.  

An audio webcast will be available live and archived on Cerner’s Investor Relations website at https://investors.cerner.com/events-and-presentations.

What:  Cerner Second Quarter 2020 Earnings Conference Call Webcast
When:  Wednesday, July 29, 2020
Time:  3:30 p.m. Central Time
Financial Results:  https://investors.cerner.com/financial-releases
Webcast:  https://investors.cerner.com/events-and-presentations

Investor Contact: Allan Kells, (816) 201-2445, akells@cerner.com 
Media Contact: Misti Preston, (816) 201-5531,  mediarelations@cerner.com


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Source: Cerner Corporation