CINCINNATI (AP) — CINCINNATI (AP) — Medpace Holdings Inc. (MEDP) on Wednesday reported third-quarter net income of $111.1 million.
On a per-share basis, the Cincinnati-based company said it had profit of $3.86.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.50 per share.
The provider of outsourced clinical development services posted revenue of $659.9 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $640.4 million.
Medpace expects full-year earnings to be $14.60 to $14.86 per share, with revenue in the range of $2.48 billion to $2.53 billion.
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