Syneos Health: 2Q Earnings Snapshot
Aug. 02, 2018
RALEIGH, N.C. (AP) _ Syneos Health Inc. (SYNH) on Thursday reported second-quarter profit of $13.6 million.
The Raleigh, North Carolina-based company said it had net income of 13 cents per share. Earnings, adjusted for one-time gains and costs, came to 62 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.
The clinical research company posted revenue of $1.07 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $1.08 billion.
Syneos Health expects full-year earnings in the range of $2.55 to $2.83 per share.
Syneos Health shares have risen 12 percent since the beginning of the year. The stock has dropped 13 percent in the last 12 months.