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QuintilesIMS earnings top Street expectations


May, 3 2017, 10:14 AM

QuintilesIMS, the life science services giant that maintains headquarters in Durham and Danbury, Ct., reported earnings for the first quarter Wednesday that beat Wall Street expectations.

Profits came in at $74 million, or $1.01 per share after one-time adjustments and costs.

Analysts had expected 95 cents per share.

Quintiles Transitional Holdings Inc. (Q) on Wednesday reported first-quarter earnings of $74 million.

“We continue to deliver on our targets, with another quarter of steady financial performance,” said Ari Bousbib, chairman and CEO of QuintilesIMS, in a statement. “We are pleased with our progress in R&D Solutions as the Next-Gen clinical offering is gaining traction and driving significant client wins.”

Revenue came in at $2.32 billion.

Looking ahead, Quintiles forecasts earnings between $1.02-$107 and revenues of between $1.93-$1.97 billion.

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