NORTH KANSAS CITY, Mo. (AP) _ Cerner Corp. (CERN) on Tuesday reported first-quarter net income of $206.1 million.
On a per-share basis, the North Kansas City, Missouri-based company said it had net income of 70 cents. Earnings, adjusted for one-time gains and costs, were 89 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 89 cents per share.
The health care information technology company posted revenue of $1.43 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $1.47 billion.
Cerner shares have climbed 1% since the beginning of the year, while the S&P's 500 index has decreased 13%. The stock has climbed 25% 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
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