IQVIA Q3 Earnings Beat Estimates With $350M Profit, Revenue of $4.43B

IQVIA Holdings Inc. (IQV) reported third-quarter profit of $350 million on Tuesday, beating Wall Street estimates on both earnings and revenue. The Durham, North Carolina-based clinical testing company posted net income of $2.10 per share, or $3.34 per share adjusted for one-time gains and costs. Six analysts surveyed by Zacks Investment Research had expected $3.24 per share. Revenue reached $4.43 billion, topping the $4.37 billion forecast by five analysts. IQVIA guided full-year earnings to a range of $12.90 to $13 per share, with revenue expected between $17.35 billion and $17.5 billion.