Cerner Shares Drop as Revenue Misses Expectations

Cerner shares were down 6.9 percent at closing Thursday as the company’s revenue missed analysts’ expectations, according to a MarketWatch report.

Analysts had expected revenue of $816 million and a profit of $0.39 per share for the current quarter. The company recently forecast revenue of $775 to $815 million and a profit of $0.38 to $0.39 per share, according to the report.

Cerner attributed the lower-than-expected earnings to decreased levels of low-margin technology resale, according to the report.

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