Cerner Reports Third Quarter 2020 Results In Line With Company Expectations

Rhea-AI Summary

Cerner Corporation (Nasdaq: CERN) announced its third quarter 2020 financial results on October 28, 2020. The report highlighted the departure of CFO Marc Naughton, expected in 2021, during which he will assist in the transition of responsibilities. An earnings conference call is scheduled for the same day at 3:30 p.m. CT to discuss the results and future outlook. The earnings release and further details can be accessed on Cerner’s Investor Relations website.

Positive

• Announcement of earnings conference call to discuss results and outlook.

Negative

• Departure of CFO Marc Naughton in 2021 raises concerns about financial leadership stability.

CFO Marc Naughton will Depart in 2021

KANSAS CITY, Mo., Oct. 28, 2020 (GLOBE NEWSWIRE) -- Cerner Corporation (Nasdaq: CERN) today announced results for the 2020 third quarter that ended September 30, 2020.   The company also announced today that Marc Naughton, Executive Vice President and Chief Financial Officer (CFO), will be leaving the company in 2021. He expects to remain at Cerner during the search for his successor and to transition his responsibilities.

The third quarter 2020 earnings release and announcement can be viewed here, as well as on the company’s website at https://investors.cerner.com/financial-releases.

Cerner will host an earnings conference call to provide additional detail on the Company’s results and outlook at 3:30 p.m. CT on October 28, 2020. On the call, Cerner will discuss its third quarter 2020 results and answer questions from the investment community. The call may also include discussion of Cerner developments, and forward-looking and other material information about business and financial matters. The dial-in number for the conference call is (678) 509-7542; the passcode is Cerner. Cerner recommends joining the call 15 minutes early for registration.

An audio webcast will be available live and archived on Cerner’s Investor Relations website at https://investors.cerner.com/events-and-presentations.

What: Cerner Third Quarter 2020 Earnings Conference Call Webcast
When: Wednesday, October 28, 2020
Time: 3:30 p.m. Central Time
Financial Results:   https://investors.cerner.com/financial-releases
Webcast:   https://investors.cerner.com/events-and-presentations

Investor Contact: Allan Kells, (816) 201-2445, akells@cerner.com
Media Contact: Stephanie Greenwood, (816) 201-2137, Stephanie.Greenwood@cerner.com

A PDF accompanying this announcement is available at http://ml.globenewswire.com/Resource/Download/93be008a-7338-42d0-8478-3ad3228d8a77

FAQ

What did Cerner announce on October 28, 2020?

Cerner announced its third quarter 2020 financial results and the departure of CFO Marc Naughton.

What is the significance of CFO Marc Naughton's departure for Cerner?

His departure might raise concerns about the stability of financial leadership at Cerner.

When is the earnings conference call for Cerner's Q3 2020 results?

The earnings conference call is scheduled for October 28, 2020, at 3:30 p.m. CT.

Where can I find Cerner's third quarter 2020 earnings release?

The earnings release can be viewed on Cerner's Investor Relations website.