IQVIA: Q1 Earnings Snapshot
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.