NORTH KANSAS CITY, Mo. (AP) _ Cerner Corp. (CERN) on Tuesday reported fourth-quarter profit of $174.8 million.

On a per-share basis, the North Kansas City, Missouri-based company said it had profit of 59 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 93 cents per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.

The health care information technology company posted revenue of $1.45 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $1.49 billion.

For the year, the company reported profit of $555.6 million, or $1.84 per share. Revenue was reported as $5.76 billion.

Cerner shares have decreased 1% since the beginning of the year, while the S&P's 500 index has dropped nearly 10%. In the final minutes of trading on Tuesday, shares hit $91.83, a climb of 28% 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

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News