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Syneos Health: 2Q Earnings Snapshot

August 6, 2019

MORRISVILLE, N.C. (AP) _ Syneos Health Inc. (SYNH) on Tuesday reported second-quarter earnings of $11.3 million.

The Morrisville, North Carolina-based company said it had profit of 11 cents per share. Earnings, adjusted for one-time gains and costs, were 74 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.

The clinical research company posted revenue of $1.17 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $1.15 billion.

Syneos Health expects full-year earnings in the range of $3.08 to $3.26 per share.

Syneos Health shares have climbed 19% since the beginning of the year. The stock has decreased 11% 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 SYNH at https://www.zacks.com/ap/SYNH

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