Quintiles (Q) Tops Q3 EPS by 1c; Issues Confident Q4 Outlook
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QuintilesIMS Reports Third-Quarter 2016 Results, Combined Company Guidance and Additional Merger Details
November 2, 2016 7:01 AM EDTQuintiles Third-Quarter 2016 Results
Service revenue up 3.9 percent reported, 3.6 percent constant currency; Product Development revenue up 7.9 percent, 8.6 percent constant currency Diluted GAAP Earnings Per Share: $0.82 reported, down 7.9 percent; Diluted Adjusted Earnings per Share: $1.00, up 6.4 percent Product Development net new business now reported on an as-contracted LTM basis: $4.4 billion during the last 12 months Backlog now reported on an as-contracted basis: $9.4 billion as of September 30, 2016 of which approximately $2.7 billion expected to convert to revenue over the next 12 monthsIMS Health Third-Quarter 2016 Results
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