Medpace: Q4 Earnings Snapshot
CINCINNATI (AP) — CINCINNATI (AP) — Medpace Holdings Inc. (MEDP) on Monday reported fourth-quarter net income of $135.1 million.
The Cincinnati-based company said it had profit of $4.67 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.18 per share.
The provider of outsourced clinical development services posted revenue of $708.5 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $681.2 million.
Medpace expects full-year earnings to be $16.68 to $17.50 per share, with revenue in the range of $2.76 billion to $2.86 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