Syneos Health Reports Second Quarter 2018 Results

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Go back to Syneos Health Reports Second Quarter 2018 Results

Syneos Health, Inc. (SYNH) Tops Q2 EPS by 1c, Revenues Miss; Offers Updated FY18 EPS/Revenue Guidance

August 2, 2018 6:23 AM EDT

Syneos Health, Inc. (NASDAQ: SYNH) reported Q2 EPS of $0.62, $0.01 better than the analyst estimate of $0.61. Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.09 billion.

Highlights

GAAP total revenue of $1.07 billion and $2.13 billion for the three and six months ended June 30, 2018, respectively. Combined Company ASC 606 adjusted service revenue of $1.08 billion and $2.14 billion for the three and six months ended June 30, 2018, respectively.Combined Company ASC 605 net new business awards of $1.06 billion and $1.93 billion for the three and six months ended June 30, 2018, representing book-to-bill ratios of 1.32x and 1.24x,... More