IMS Health Turns To Profit In Q1 - Quick Facts

(RTTNews) - IMS Health Holdings, Inc. (IMS), a provider of information and technology services to the healthcare and life sciences industries, Friday said first-quarter net income was $298 million, or $0.86 per share, compared to net loss of $24 million, or $0.09 per share in the prior year.

Adjusted earnings per share was $0.39 in the first quarter, while it totaled $0.24 in the prior-year period. On average, 16 analysts polled by Thomson Reuters expected earnings of $0.32 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue declined to $632 million from $645 million in the prior year. Analysts expected revenues of $626.89 million.

For 2015, the company continues to expect core IMS Health to have full-year 2015 constant currency growth of 5 to 6 percent in revenue, and 11 to 14 percent in adjusted earnings per share.