DURHAM, N.C. (AP) — DURHAM, N.C. (AP) — IQVIA Holdings Inc. (IQV) on Thursday reported fourth-quarter earnings of $514 million.
On a per-share basis, the Durham, North Carolina-based company said it had profit of $2.99. Earnings, adjusted for one-time gains and costs, were $3.42 per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.40 per share.
The clinical testing company posted revenue of $4.36 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $4.24 billion.
For the year, the company reported profit of $1.36 billion, or $7.84 per share. Revenue was reported as $16.31 billion.
IQVIA expects full-year earnings in the range of $12.55 to $12.85 per share, with revenue in the range of $17.15 billion to $17.35 billion.
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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
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