ADVERTISEMENT

IQVIA: Q1 Earnings Snapshot

April 27, 2022 GMT

DURHAM, N.C. (AP) _ IQVIA Holdings Inc. (IQV) on Wednesday reported first-quarter net income of $325 million.

The Durham, North Carolina-based company said it had profit of $1.68 per share. Earnings, adjusted for one-time gains and costs, were $2.47 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.43 per share.

The clinical testing company posted revenue of $3.57 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $3.55 billion.

For the current quarter ending in July, IQVIA expects its per-share earnings to range from $2.35 to $2.42.

The company said it expects revenue in the range of $3.47 billion to $3.52 billion for the fiscal second quarter.

IQVIA expects full-year earnings in the range of $9.95 to $10.25 per share, with revenue ranging from $14.45 billion to $14.75 billion.

ADVERTISEMENT

_____

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