RTTNews | Feb 10, 2021 06:00PM EST

18:00 Wednesday, February 10, 2021 (RTTNews.com) - Cerner Corp. (CERN) Wednesday reported fourth-quarter profit of $141.5 million or $0.46 per share, down from $154.3 million or $0.49 per share last year.

Adjusted earnings for the quarter were $0.78, up from $0.75 per share last year.

Revenues dropped to $1.40 billion from $1.44 billion last year.

Analysts polled by Thomson Reuters expected earnings of $0.78 per share on revenues of $1.39 billion for the quarter.

Looking forward to the first quarter, the company expects revenues of $1.37 billion to $1.42 billion and adjusted earnings of $0.72 to $0.76 per share. Analysts currently estimate earnings of $0.76 per share on revenues of $1.41 billion.

For the full year 2021, Cerner expects revenues of $5.75 billion to $5.95 billionand adjusted earnings of $3.10 to $3.20 per share. Analysts currently estimate earnings of $3.22 per share on revenues of $5.73 billion.

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