14.02.2024 16:06:41 - dpa-AFX: IQVIA Reaches New High After Upbeat Quarterly Results
WASHINGTON (dpa-AFX) - Shares of IQVIA Holdings Inc. (IQV), a provider of
advanced analytics, technology solutions, and clinical research services to the
life sciences industry, are rising more than 7 percent Wednesday morning after
reporting upbeat fourth-quarter results, above the Street view. The stock,
currently at $230.97, touched a new high this morning.
Profit for the fourth quarter increased to $469 million, or $2.54 per share
from $227 million, or $1.20 per share a year ago.
Excluding items, IQVIA reported earnings of $523 million or $2.84 per share,
that beat the average estimate of analysts polled by Thomson-Reuters of $2.82
per share.
Revenue for the quarter rose 3.5% to $3.87 billion from $3.74 billion last year.
The consensus estimate stood at $3.8 billion.
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