CINCINNATI (AP) 鈥� CINCINNATI (AP) 鈥� Medpace Holdings Inc. (MEDP) on Wednesday reported first-quarter earnings of $123.9 million.
On a per-share basis, the Cincinnati-based company said it had net income of $4.28.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $3.74 per share.
The provider of outsourced clinical development services posted revenue of $706.6 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $694.2 million.
Medpace expects full-year earnings in the range of $16.68 to $17.50 per share, with revenue in the range of $2.76 billion to $2.86 billion.
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