QuintilesIMS (Q) Tops Q3 EPS by 5c, Beats on Revenues

QuintilesIMS (NYSE: Q) reported Q3 EPS of $1.19, $0.05 better than the analyst estimate of $1.14. Revenue for the quarter came in at $2.02 billion versus the consensus estimate of $2.01 billion.

Fourth-Quarter 2017 Guidance

For the fourth quarter, QuintilesIMS expects revenue between $2,120 million and $2,160 million, Adjusted EBITDA between $560 million and $585 million and Adjusted Diluted Earnings per Share between $1.28 and $1.37.

This financial guidance assumes current foreign currency exchange rates remain in effect for the remainder of the year. Revenue guidance excludes reimbursed expenses for the Research & Development Solutions business.

• Revenue $2,019 million
• Adjusted EBITDA $512 million
• GAAP Diluted Earnings per Share $0.38; Adjusted Diluted Earnings per Share $1.19
• $3.3 billion of share repurchase completed post-merger, $557 million completed during the third quarter

GUIDANCE:

QuintilesIMS sees Q4 2017 EPS of $1.28-$1.37. QuintilesIMS sees Q4 2017 revenue of $2.12-2.16 billion.

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

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