Fierce Healthcare July 30, 2020
Cerner generated $134.7 million in profit during the second quarter, up 6% from $127 million in the same period in 2019.
The health IT company reported a profit of 44 cents per share. That reflects an improvement from its earnings of 39 cents per share in the second quarter 2019.
Its adjusted earnings of $193 million, or 63 cents per share, were down from $215 million, or 66 cents per share, in the prior-year period. However, the results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
But the Kansas City, Missouri company’s second-quarter revenue fell 7% from $1.43 million in the second quarter of 2019 to $1.33 million as the COVID-19 pandemic had...