CERN - Cerner tops Q4 revenue estimate but guides mixed year

Cerner (CERN) reports Q4 results that beat on revenue, met profit estimates, and provided a mixed full-year outlook.In Q4, Cerner's revenue dipped 3% Y/Y to $1.4B due to the impact of divestitures. Excluding the divestitures, revenue was up 1% on the year.Bookings increased 1% to $1.68B.Backlog dropped 5% to $13.04B.For the current quarter, Cerner forecasts revenue of $1.37-1.42B in revenue (consensus: $1.42B), EPS of $0.72-0.76 (consensus: $0.77), and bookings of $1.15-1.35B.The full-year guidance has $5.75-5.95B in revenue (consensus: $7.73B) and $3.10-3.20 (consensus: $3.22).Press release.

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Cerner tops Q4 revenue estimate but guides mixed year