Medidata Solutions Reports 14% Rise In Q3 Bottom Line

(RTTNews) - Medidata Solutions (MDSO) revealed earnings for its third quarter that climbed compared to the same period last year.

The company said its bottom line totaled $15.97 million, or $0.28 per share. This was up from $14.00 million, or $0.25 per share, in last year's third quarter.

Analysts had expected the company to earn $0.26 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 16.4% to $120.06 million. This was up from $103.11 million last year.

Medidata Solutions earnings at a glance:

-Earnings (Q3): $15.97 Mln. vs. $14.00 Mln. last year. -Earnings Growth (Y-o-Y): 14.1% -EPS (Q3): $0.28 vs. $0.25 last year. -EPS Growth (Y-o-Y): 12.0% -Analysts Estimate: $0.26 -Revenue (Q3): $120.06 Mln vs. $103.11 Mln last year. -Revenue Change (Y-o-Y): 16.4%

-Guidance: Full year revenue guidance: $450.0 -$474.0 Mln