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Cerner drops after top-line miss, tepid guidance

  • Cerner (CERN) dives 7% AH following a Q3 top-line miss.
  • Bookings hit an all-time high at $928M, up 21% Y/Y.
  • Backlog of $8.4B ($7.63 contract, $769.8M support and maintenance) is up 24% Y/Y.
  • Q4 outlook: $0.38-0.39/share on revenue of $775-815M versus consensus of $0.39/share on $815.81M in sales. (PR)
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