QuintilesIMS (NYSE: Q) reported Q2 EPS of $1.09, $0.04 better than the analyst estimate of $1.05. Revenue for the quarter came in at $1.97 billion versus the consensus estimate of $1.96 billion.

2017 Full-Year and Third-Quarter 2017 Guidance

• Full-year 2017 guidance is reaffirmed for revenue of $8,000 million to $8,100 million and Adjusted EBITDA of $2,000 million to $2,100 million. Full-year 2017 guidance is raised for Adjusted Diluted Earnings per Share to $4.50 to $4.65 from $4.45 to $4.60.
• For the third quarter, QuintilesIMS expects revenue between $2,000 million and $2,030 million, Adjusted EBITDA between $500 million and $515 million and Adjusted Diluted Earnings per Share between $1.10 and $1.15.
• This financial guidance assumes current foreign currency exchange rates remain in effect for the remainder of the year. Revenue guidance excludes reimbursed expenses for the Research & Development Solutions business.

GUIDANCE:

QuintilesIMS sees Q3 2017 EPS of $4.50-$4.65. QuintilesIMS sees Q3 2017 revenue of $8-8.1 billion.

• GAAP Revenue $1,969 million; $1,971 million before merger-related deferred Revenue adjustment
• Adjusted EBITDA $486 million
• GAAP Diluted Earnings per Share $0.34; Adjusted Diluted Earnings per Share $1.09
• $2.7 billion of share repurchase completed post-merger, $378 million completed during the second quarter
• Full-year guidance reaffirmed for Revenue and Adjusted EBITDA and raised for Adjusted Diluted EPS

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