IQVIA: 2Q Earnings Snapshot

July 24, 2018

DANBURY, Conn. (AP) _ IQVIA Holdings Inc. (IQV) on Tuesday reported second-quarter earnings of $61 million.

The Danbury, Connecticut-based company said it had net income of 29 cents per share. Earnings, adjusted for one-time gains and costs, were $1.29 per share.

The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.

The clinical testing company posted revenue of $2.57 billion in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $2.5 billion.

IQVIA expects full-year earnings in the range of $5.20 to $5.45 per share, with revenue in the range of $10.05 billion to $10.25 billion.

IQVIA shares have risen 14 percent since the beginning of the year. The stock has increased 22 percent in the last 12 months.


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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