NORTH KANSAS CITY (dpa-AFX) - Cerner Corp. (CERN) reported that its second-quarter net earnings was $129.0 million or $0.37 per share, compared to $112.9 million or $0.32 per share, prior year.
Adjusted net earnings were $138.9 million, or $0.40 per share, up from $119.6 million or $0.34 per share in the comparable quarter last year. On average, 29 analysts polled by Thomson Reuters expected the company to report profit per share of $0.40 for the quarter. Analysts' estimates typically exclude special items.
Revenue was $851.76 million, up 20% from $707.56 million in the year-ago period. Analysts expected revenue of $813.77 million for the quarter.
Looking ahead to the third quarter, Cerner expects adjusted earnings per share before share based compensation expense between $0.41 and $0.42 and revenue between $840 million and $870 million. Analysts expect the company to report third-quarter profit per share of $0.42 on revenue of $839.94 million.
For full year 2014, the company now expects adjusted earnings per share before share based compensation expense between $1.64 and $1.67, and revenue between $3.3 billion and $3.4 billion. Analysts expect the company to report full year 2014 profit per share of $1.66 on revenue of $3.34 billion.
Earlier, the company expected adjusted earnings per share before share based compensation expense between $1.63 and $1.67, and revenue between $3.25 billion and $3.4 billion.
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