Cerner Corp. (CERN) reported net income for the fourth quarter of $60.5 million or $0.71 per share, compared to $71.5 million or $0.86 per share in the year-ago quarter.
Adjusted fourth quarter net income was $63.4 million or $0.75 per share, up from $53.6 million or $0.65 per share of adjusted net income in the fourth quarter of 2008.
Revenues for the quarter increased to $466.3 million from $465.7 million in the prior-year quarter.
On average, analysts polled by Thomson Reuters expected the company to earn $0.72 per share, on revenues of $451.17 million for the quarter. Analysts estimates typically exclude special items.
Looking ahead for the first quarter, the company expects adjusted earnings per share before share based compensation expense between $0.57 and $0.62. Revenues for the quarter are expected to be between $420 million and $435 million.
Analysts currently expect earnings of $0.62 per share on revenues of $431.79 million for the first quarter.
For fiscal 2010, the company expects adjusted earnings per share before share based compensation expense between $2.80 and $2.90. Revenues for the full year are expected to be between $1.80 billion and $1.875 billion.
Analysts currently expect earnings of $2.84 per share on revenues of $1.85 billion for fiscal 2010.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.