Quintiles (Q) Tops Q2 EPS by 3c, Increases FY EPS Guidance

Quintiles (NYSE: Q) reported Q2 EPS of $0.93, $0.03 better than the analyst estimate of $0.90. Revenue for the quarter came in at $1.17 billion versus the consensus estimate of $1.15 billion.

GUIDANCE:

Quintiles sees FY2016 EPS of $3.78-$3.88, versus the consensus of $3.78.

• The Company is adjusting its full year 2016 constant currency service revenue growth guidance to a range of between 6.0% and 7.0% compared to full year 2015, reaffirming its full year 2016 Product Development constant currency service revenue growth guidance of approximately 10%, and updating its full year 2016 Integrated Healthcare Services constant currency service revenue guidance to a 3.0% to 6.0% decline compared to full year 2015

For earnings history and earnings-related data on Quintiles (Q) click here.

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