Cerner's 4Q Results and Guidance Largely in Line to Modestly Light; Initiates Dividend
Cerner reported fourth-quarter results that fell slightly short of our expectations and those of consensus, with earnings per share in line and revenue light due to lower-than-expected technology resale revenue. Despite lower-than-expected revenue, earnings came in as expected due to the favorable mix away from relatively lower margins of resale. Guidance was lowered slightly but remains generally in line with our expectations. Following the results, we maintain our $66 fair value estimate and w...Cerner designs, develops, markets, installs, hosts and supports health care information technology, health care devices, hardware and content solutions for health care organizations and consumers. The company also provides a range of services, including implementation and training, remote hosting, operational management services, revenue cycle services, support and maintenance, transaction processing, employer health centers, employee wellness programs and third party administrator services for employer-based health plans. The company has two operating segments: Domestic, which includes business activity in the United States; and International, which includes business activity outside the United States.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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