Investing.com - Cerner reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Cerner announced earnings per share of $0.63 on revenue of $1.33B. Analysts polled by Investing.com anticipated EPS of $0.61 on revenue of $1.36B.
Cerner shares are up 0.01% from the beginning of the year , still down 9.27% from its 52 week high of $80.90 set on Wednesday, February 5, 2020. They are under-performing the S&P 500 which is up 0.86% year to date.
Cerner follows other major Technology sector earnings this month
Cerner's report follows an earnings beat by Microsoft on Wednesday, July 22, 2020, who reported EPS of $1.46 on revenue of $38.03B, compared to forecasts EPS of $1.34 on revenue of $36.54B.
Taiwan Semiconductor had beat expectations on Wednesday, July 15, 2020 with second quarter EPS of $0.79 on revenue of $10.55B, compared to forecast for EPS of $0.72 on revenue of $10.38B.
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