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IQVIA: 2Q Earnings Snapshot

July 24, 2019

DURHAM, N.C. (AP) _ IQVIA Holdings Inc. (IQV) on Wednesday reported second-quarter net income of $60 million.

On a per-share basis, the Durham, North Carolina-based company said it had net income of 30 cents. Earnings, adjusted for one-time gains and costs, came to $1.53 per share.

The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.49 per share.

The clinical testing company posted revenue of $2.74 billion in the period, which also beat Street forecasts. Ten analysts surveyed by Zacks expected $2.69 billion.

For the current quarter ending in October, IQVIA expects its per-share earnings to range from $1.53 to $1.59.

The company said it expects revenue in the range of $2.73 billion to $2.78 billion for the fiscal third quarter.

IQVIA expects full-year earnings in the range of $6.20 to $6.40 per share, with revenue ranging from $10.9 billion to $11.13 billion.

IQVIA shares have increased 35% since the beginning of the year. The stock has increased 41% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IQV at https://www.zacks.com/ap/IQV

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