Medpace: Q4 Earnings Snapshot

Associated Press Finance

02-11

CINCINNATI (AP) — CINCINNATI (AP) — Medpace Holdings Inc. (MEDP) on Monday reported fourth-quarter profit of $117 million.

The Cincinnati-based company said it had net income of $3.67 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.97 per share.

The provider of outsourced clinical development services posted revenue of $536.6 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $536.4 million.

Medpace expects full-year earnings to be $11.93 to $12.69 per share, with revenue in the range of $2.11 billion to $2.21 billion.

_____

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

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The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.97 per share.\nThe provider of outsourced clinical development services posted revenue of $536.6 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $536.4 million.\nMedpace expects full-year earnings to be $11.93 to $12.69 per share, with revenue in the range of $2.11 billion to $2.21 billion.\n_____\nThis 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","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}