NORTH KANSAS CITY, Mo. (AP) _ Cerner Corp. (CERN) on Tuesday reported fourth-quarter profit of $131.3 million.
The North Kansas City, Missouri-based company said it had profit of 40 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 63 cents per share.
The results met Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was also for earnings of 63 cents per share.
The health care information technology company posted revenue of $1.37 billion in the period, missing Street forecasts. Eleven analysts surveyed by Zacks expected $1.39 billion.
For the year, the company reported profit of $630.1 million, or $1.89 per share. Revenue was reported as $5.37 billion.
For the current quarter ending in April, Cerner expects its per-share earnings to range from 60 cents to 62 cents.
The company said it expects revenue in the range of $1.37 billion to $1.42 billion for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $1.39 billion.
Cerner expects full-year earnings in the range of $2.57 to $2.67 per share, with revenue ranging from $5.65 billion to $5.85 billion.
Cerner shares have increased almost 6 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 9 percent. In the final minutes of trading on Tuesday, shares hit $55.41, a decrease of 13 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CERN at https://www.zacks.com/ap/CERN