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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.

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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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