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.
More Articles on the Health IT Market:
Report: Health IT Market Has Significant Opportunity For Smaller, Innovative Companies
HIMSS: Virtualization, Speech Recognition Software Are Markets to Watch
athenahealth Revenue Up 43% in 3Q
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
