DURHAM, N.C. (AP) — DURHAM, N.C. (AP) — IQVIA Holdings Inc. (IQV) on Tuesday reported first-quarter profit of $274 million.
On a per-share basis, the Durham, North Carolina-based company said it had net income of $1.61. Earnings, adjusted for one-time gains and costs, were $2.90 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.83 per share.
The clinical testing company posted revenue of $4.15 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $4.08 billion.
IQVIA expects full-year earnings in the range of $12.65 to $12.95 per share, with revenue in the range of $17.15 billion to $17.35 billion.
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