CINCINNATI (AP) — CINCINNATI (AP) — Medpace Holdings Inc. (MEDP) on Monday reported first-quarter net income of $114.6 million.
On a per-share basis, the Cincinnati-based company said it had net income of $3.67.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.06 per share.
The provider of outsourced clinical development services posted revenue of $558.6 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $530.1 million.
Medpace expects full-year earnings to be $12.26 to $13.04 per share, with revenue in the range of $2.14 billion to $2.24 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MEDP at https://www.zacks.com/ap/MEDP
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