Over 30 years ago Cerner started digitizing paper processes in health and care delivery and now offer the most comprehensive array of information software, professional services, medical device integration, remote hosting and employer health and wellness services. Cerner systems are used by individual consumers, single-doctor practices, hospitals, employers and countries.
Adjusted net earnings for third quarter 2012 were $105.2 million, an increase of 26 percent compared to $83.5 million of adjusted net earnings in the third quarter of 2011. Adjusted diluted earnings per share were $0.60 in the third quarter of 2012 compared to $0.48 of adjusted diluted earnings per share in the year-ago quarter. Analysts' consensus estimate for third quarter 2012 adjusted diluted earnings per share was $0.59.
The company reported that it expected full-year 2012 revenue between $2.63 billion and $2.66 billion, up from a prior range of $2.575 billion to $2.625 billion. Full-year 2012 adjusted diluted earnings per share before share based compensation expense between $2.34 and $2.36, up from a prior range of $2.32 to $2.36.
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Disclosure: The author holds no positions in Cerner and has no intention to initiate any in the next 72 hours.