Cerner (NASDAQ:CERN) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Cerner announced earnings per share of $0.71 on revenue of $1.41B. Analysts polled by anticipated EPS of $0.7 on revenue of $1.43B. That with comparison to EPS of $0.61 on revenue of $1.39B in the same period a year before. Cerner had reported EPS of $0.75 on revenue of $1.44B in the previous quarter. Analysts are expecting EPS of $0.75 and revenue of $1.45B in the upcoming quarter.
Cerner shares are down 2.49% from the beginning of the year , still down 11.55% from its 52 week high of $80.90 set on February 5. They are under-performing the NASDAQ 100 which is down 1.42% year to date.
Cerner shares lost 0.78% in after-hours trade following the report.
Cerner follows other major Technology sector earnings this month
Cerner's report follows an earnings missed by Alphabet C on Tuesday, who reported EPS of $9.87 on revenue of $41.16B, compared to forecasts EPS of $10.26 on revenue of $40.99B.
Taiwan Semiconductor had matched expectations on Saturday with first quarter EPS of $0.75 on revenue of $10.35B, compared to forecast for EPS of $0.75 on revenue of $10.32B.
Stay up-to-date on all of the upcoming earnings reports by visiting 's earnings calendar
