Investing.com - Cerner reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.66 on revenue of $1.43B. Analysts polled by Investing.com expected EPS of $0.64 on revenue of $1.44B. That compared to EPS of $0.62 on revenue of $1.37B in the same period a year earlier. The company had reported EPS of $0.61 on revenue of $1.39B in the previous quarter.
Cerner shares lost 1.68% to trade at $71.00 in after-hours trade following the report.
Cerner follows other major Technology sector earnings this month
On July 18, Microsoft reported fourth quarter EPS of $1.37 on revenue of $33.72B, compared to forecasts of EPS of $1.21 on revenue of $32.77B.
Taiwan Semiconductor earnings matched analysts' expectations on July 18, with second quarter EPS of $0.41 on revenue of $7.76B. Investing.com analysts expected EPS of $0.41 on revenue of $7.62B
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