Cerner Shares Drop as Revenue Misses Expectations

Cerner shares were down 6.9 percent at closing Thursday as the company’s revenue missed analysts’ expectations, according to a MarketWatch report.

Analysts had expected revenue of $816 million and a profit of $0.39 per share for the current quarter. The company recently forecast revenue of $775 to $815 million and a profit of $0.38 to $0.39 per share, according to the report.

Cerner attributed the lower-than-expected earnings to decreased levels of low-margin technology resale, according to the report.

More Articles on the Health IT Market:

Report: Health IT Market Has Significant Opportunity For Smaller, Innovative Companies
HIMSS: Virtualization, Speech Recognition Software Are Markets to Watch
athenahealth Revenue Up 43% in 3Q

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars