Quintiles Q1 Profit Beats Estimates - Quick Facts

(RTTNews) - Quintiles Transnational Holdings Inc. (Q) reported first-quarter net income to company of $86.4 million or $0.68 per share, compared to $90.2 million or $0.68 per share, prior year. Adjusted net income was $91.2 million and adjusted earnings per share was $0.72, for the quarter.

On average, 18 analysts polled by Thomson Reuters expected the company to report profit per share of $0.71 for the quarter. Analysts' estimates typically exclude special items.

Service revenues were $1.03 billion, compared to $1.01 billion, prior year. Analysts expected revenue of $1.04 billion for the quarter. Total revenues increased to $1.35 billion from $1.31 billion last year.

The company updated its full year 2015 constant currency service revenue growth guidance to a range of 7.0% to 8.0% compared to full year 2014. The company also reaffirmed its adjusted earnings per share guidance range of $3.02 to $3.13 per share, with GAAP earnings per share between $2.89 and $3.03 per share. Analysts expect the company to report fiscal 2015 earnings per share of $3.09.