By Yasin Ebrahim
Investing.com -- Cerner (NASDAQ:CERN) reported on Tuesday mixed fourth-quarter results as revenue fell short of expectations as pandemic-related project delay and lower technology resale held back growth.
Cerner announced earnings per share of 93 cents on revenue of $1.45 billion. Analysts polled by Investing.com anticipated EPS of 88 cents on revenue of $1.49 billion.
The beat on the bottom line despite weaker revenue was driven by rising adjusted operating margin to 21.7%, up 180 basis points from 19.9% for 2020.
Roche Holding ADR had matched expectations on February 3 with fourth quarter EPS of $1.29 on revenue of $17.54 billion, compared to forecast for EPS of $1.29 on revenue of $17.1 billion.
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