Cerner Reports Third Quarter 2015 Results

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Go back to Cerner Reports Third Quarter 2015 Results

Cerner's (CERN) Reports In-Line EPS Due to Better Than Expected GM and Tax; Cowen Cuts Price Target to $70

November 4, 2015 8:27 AM EST

Cowen maintained an Outperform rating on Cerner (NASDAQ: CERN), and cut the price target to $70.00 (from $76.00), following the company's 3Q earnings report. CERN reported 3Q15 revenues of $1.13B which was below consensus of $1.17B and guidance of $1.15B-$1.20B. However, adjusted EPS of $0.54 was... More