CERN
$74.52
Cerner
$.69
.93%
Earnings Details
4th Quarter December 2020
Wednesday, February 10, 2021 4:01:00 PM
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Summary

Cerner Misses

Cerner (CERN) reported 4th Quarter December 2020 earnings of $0.76 per share on revenue of $1.4 billion. The consensus earnings estimate was $0.78 per share on revenue of $1.4 billion. The Earnings Whisper number was $0.78 per share. Revenue fell 3.3% compared to the same quarter a year ago.

The company said in its earnings presentation it expects first quarter earnings of $0.72 to $0.76 per share on revenue of $1.37 billion to $1.42 billion and 2021 earnings of $3.10 to $3.20 per share on revenue of $5.75 billion to $5.95 billion. The current consensus estimate is earnings of $0.76 per share on revenue of $1.41 billion for the quarter ending March 31, 2021 and earnings of $3.22 per share on revenue of $5.69 billion for the year ending December 31, 2021.

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
$0.76
Earnings Whisper
$0.78
Consensus Estimate
$0.78
Reported Revenue
$1.40 Bil
Revenue Estimate
$1.39 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

Cerner Reports Fourth Quarter And Full-Year 2020 Results

Strong Finish to Year with All Key Metrics Within Company Guidance Ranges

Results Reflect Solid Execution During Pandemic

Continued Margin Expansion; Strong Cash Flow; Solid Growth Outlook

KANSAS CITY, Mo., Feb. 10, 2021 (GLOBE NEWSWIRE) -- Cerner Corporation (Nasdaq: CERN) today announced results for the 2020 fourth quarter and full year that ended December 31, 2020.   The results can be viewed here as well as 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 February 10, 2021. On the call, Cerner will discuss its fourth quarter and full-year 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 Fourth Quarter and Full Year 2020 Earnings Conference Call Webcast
When: Wednesday, February 10, 2021
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: Stephanie Greenwood, (816) 201-2137, Stephanie.Greenwood@cerner.com

A PDF accompanying this announcement is available at http://ml.globenewswire.com/Resource/Download/b57cad9d-c438-4a72-b223-7e6d014b5320

 


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Source: Cerner Corporation