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Cerner Shares Drop on Disappointing Results, Cautious Outlook

Health-care information technology firm Cerner Corp. gave another cautious quarterly outlook and reported disappointing results in the latest period, though profit climbed.

Shares, down 14% over the past 12 months through Tuesday’s close, tumbled another 6.8% after hours to $53.45.

“While Cerner’s third-quarter results were slightly below our expectations, they were still solid and included the second-highest level of bookings in our history,” said Cerner President Zane Burke...