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Actionable news in CERN: Cerner Corporation,

Cerner (CERN) Stock Falls on Weak Guidance

NEW YORK (TheStreet) -- Shares of Cerner (CERN - Get Report) were falling 6.5% to $61.78 with heavy trading volume on Wednesday after the healthcare information services guided below analysts' estimates for the fourth quarter.

After the market closed on Tuesday, Cerner said it expects to report earnings of 56 cents to 58 cents a share and revenue of $1.15 billion to $1.2 billion for the fourth quarter. Analysts expect the company to report earnings of 61 cents and revenue of $1.24 billion for the quarter.

Cerner reported earnings of 54 cents a share for the third quarter, in line with analysts' estimates. Revenue grew 34.5% year over year to $1.13 billion for the quarter, compared to analysts' estimates of $1.17 billion.

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