QuintilesIMS (NYSE: Q) reported Q1 EPS of $1.01, $0.05 better than the analyst estimate of $0.96. Revenue for the quarter came in at $1.91 billion versus the consensus estimate of $1.91 billion.

GUIDANCE:

QuintilesIMS sees FY2017 EPS of $4.45-$4.60, versus the consensus of $4.48. QuintilesIMS sees FY2017 revenue of $8-8.1 billion, versus the consensus of $8.05 billion.

2017 Full-Year and Second-Quarter 2017 Guidance

Full-year 2017 guidance is reaffirmed for revenue of $8,000 million to $8,100 million and reaffirmed for Adjusted EBITDA of $2,000 million to $2,100 million. Adjusted Diluted Earnings per Share is raised to $4.45 to $4.60, reflecting the benefit of incremental first-quarter share repurchases offset by the cost of incremental financings.

For the second quarter, QuintilesIMS expects revenue between $1,930 million and $1,970 million, Adjusted EBITDA between $470 million and $490 million and Adjusted Diluted Earnings per Share between $1.02 and $1.07.

This financial guidance assumes current foreign currency exchange rates remain in effect for the remainder of the year. Revenue guidance excludes reimbursed expenses.

Highlights:

• $1,911 million GAAP revenue; $1,917 million before merger-related deferred revenue adjustment
• $467 million Adjusted EBITDA
• GAAP Diluted Earnings per Share $0.31; Adjusted Diluted Earnings per Share $1.01
• $1.3 billion in share repurchases completed during the first quarter
• Full-year guidance reaffirmed for Revenue and Adjusted EBITDA; raised for Adjusted Diluted Earnings Per Share

For earnings history and earnings-related data on QuintilesIMS (Q) click here.