Cerner (NASDAQ:CERN) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Cerner announced earnings per share of $0.75 on revenue of $1.44B. Analysts polled by anticipated EPS of $0.74 on revenue of $1.44B. That with comparison to EPS of $0.63 on revenue of $1.37B in the same period a year before. Cerner had reported EPS of $0.66 on revenue of $1.43B in the previous quarter. Analysts are expecting EPS of $0.7 and revenue of $1.43B in the upcoming quarter.
Cerner shares are up 7.19% from the beginning of the year , still down 2.97% from its 52 week high of $76.47 set on July 12, 2019. They are outperforming the S&P 500 which is up 1.65% year to date.
Cerner shares gained 3.10% in after-hours trade following the report.
Cerner follows other major Technology sector earnings this month
Cerner's report follows an earnings beat by Apple on January 28, who reported EPS of $4.99 on revenue of $91.82B, compared to forecasts EPS of $4.54 on revenue of $88.51B.
Microsoft had beat expectations on January 29 with second quarter EPS of $1.51 on revenue of $36.91B, compared to forecast for EPS of $1.05 on revenue of $32,512M.
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