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Cerner Corp Q4 Profit Increases, beats estimates

Cerner Corp (CERN) announced earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $174.84 million, or $0.59 per share. This compares with $141.51 million, or $0.46 per share, in last year's fourth quarter.

Excluding items, Cerner Corp reported adjusted earnings of $275.25 million or $0.93 per share for the period.

Analysts on average had expected the company to earn $0.87 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.6% to $1.45 billion from $1.40 billion last year.

Cerner Corp earnings at a glance (GAAP) :

-Earnings (Q4): $174.84 Mln. vs. $141.51 Mln. last year.
-EPS (Q4): $0.59 vs. $0.46 last year.
-Analyst Estimate: $0.87
-Revenue (Q4): $1.45 Bln vs. $1.40 Bln last year.

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