Medpace: Q2 Earnings Snapshot

CINCINNATI (AP) — CINCINNATI (AP) — Medpace Holdings Inc. (MEDP) on Monday reported second-quarter net income of $90.3 million.

The Cincinnati-based company said it had net income of $3.10 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3 per share.

The provider of outsourced clinical development services posted revenue of $603.3 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $541.2 million.

Medpace expects full-year earnings to be $13.76 to $14.53 per share.

_____

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