AP NEWS

IQVIA: 3Q Earnings Snapshot

October 30, 2019

DURHAM, N.C. (AP) _ IQVIA Holdings Inc. (IQV) on Wednesday reported third-quarter earnings of $57 million.

The Durham, North Carolina-based company said it had net income of 29 cents per share. Earnings, adjusted for one-time gains and costs, were $1.60 per share.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.

The clinical testing company posted revenue of $2.77 billion in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $2.76 billion.

For the current quarter ending in December, IQVIA expects its per-share earnings to range from $1.65 to $1.75.

The company said it expects revenue in the range of $2.81 billion to $2.86 billion for the fiscal fourth quarter.

IQVIA expects full-year earnings in the range of $6.30 to $6.40 per share, with revenue ranging from $11 billion to $11.05 billion.

IQVIA shares have increased 29% since the beginning of the year. The stock has increased 24% 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