April 28, 2010 / 9:09 PM / 9 years ago

UPDATE 1-Cerner Q1 profit beats Street, backs 2010 view

* Q1 adj EPS $0.63 vs est of $0.61/shr

* Revenue rises 10 pct to $431.3 mln

* Backs fiscal 2010 outlook

April 28 (Reuters) - Health information technology company Cerner Corp (CERN.O) posted a better-than-expected quarterly profit, helped by strong bookings, and reaffirmed its 2010 outlook.

For the first quarter, the company earned $50.3 million, or 59 cents a share, compared with $40.8 million, or 49 cents a share a year ago. Excluding items, it earned 63 cents a share.

Revenue rose 10 percent to $431.3 million.

Analysts on average expected earnings of 61 cents a share, excluding special items, on revenue of $430.2 million, according to Thomson Reuters I/B/E/S.

For the first quarter, bookings rose 22 percent to $404.9 million.

The company reaffirmed its 2010 adjusted earnings view of $2.80 and $2.90 a share on revenue of $1.8 billion to $1.88 billion.

Analysts on average were expecting earnings of $2.86 a share, on revenue of $1.9 billion.

Shares of the company closed at $90.26 Wednesday on Nasdaq. (Reporting by Anand Basu in Bangalore; Editing by Don Sebastian)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below