CINCINNATI (AP) — CINCINNATI (AP) — Medpace Holdings Inc. (MEDP) on Monday reported third-quarter profit of $96.4 million.
The Cincinnati-based company said it had net income of $3.01 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.77 per share.
The provider of outsourced clinical development services posted revenue of $533.3 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $540.5 million.
Medpace expects full-year earnings to be $11.71 to $12.09 per share, with revenue in the range of $2.09 billion to $2.13 billion.
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