Investing.com - Cerner (NASDAQ:CERN) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Cerner announced earnings per share of $0.72 on revenue of $1.37B. Analysts polled by Investing.com anticipated EPS of $0.71 on revenue of $1.37B.
Cerner shares are down 2.89% from the beginning of the year and are trading at $71.27 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 28.41% from the start of the year.
Cerner shares lost 2.02% in intra-day trade the report.
Cerner follows other major Technology sector earnings this month
Cerner's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $1.82 on revenue of $37.15B, compared to forecasts EPS of $1.54 on revenue of $35.76B.
Taiwan Semiconductor had beat expectations on Wednesday, October 14, 2020 with third quarter EPS of $0.92 on revenue of $12.4B, compared to forecast for EPS of $0.84 on revenue of $11.84B.
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