UPDATE 1-Cerner posts higher Q2 earnings; sets Q3 view
(Adds Q3 outlook, details)
July 24 (Reuters) - Cerner Corp. (CERN.O) reported higher quarterly results on increased bookings and forecast third-quarter earnings range that was broadly in line with analysts' expectations.
For the second quarter, the healthcare information technology company posted net income of $31.1 million, or 37 cents a share, on revenue of $386.6 million.
The company had reported net income of $23.9 million, or 29 cents a share, on revenue of $330.6 million in the year-ago period.
Cerner posted adjusted earnings of 41 cents a share in the second quarter.
Analysts were expecting earnings of 37 cents a share, including stock option expense, on revenue of $376.1 million for the quarter, according to Reuters Estimates.
Bookings in the quarter rose 56 percent to $486.8 million in the year-ago period.
For the third quarter, it sees adjusted earnings of between 40 cents and 41 cents a share on revenue of about $385 million to $395 million. Adjusted earnings for the period are seen in the range of 44 cents to 45 cents a share.
Analysts expect earnings of 41 cents a share, including stock option expense, on revenue of $391.6 million.
The company expects new business bookings in the third quarter to be between $365 million and $380 million. (Reporting by Neha Pathania in Bangalore)
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