IMS Health Turns To Profit In Q3 - Quick Facts

(RTTNews) - IMS Health Holdings, Inc. (IMS), a provider of information and technology services to the healthcare and life sciences industries, Friday said third-quarter net income was $47 million or $0.14 per share, compared with a net loss of $20 million or $0.07 per share in last year's third quarter.

Adjusted earnings per share was $0.37, while it totaled $0.47 in the prior-year period. On average, 15 analysts polled by Thomson Reuters expected earnings of $0.34 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the third quarter increased 3.7 percent to $656 million from $633 million last year. The growth was 5.4 percent on a constant currency basis. Analysts expected revenues of $668.12 million.

Consistent with previous guidance for the year, on a constant currency basis, IMS Health now expects revenue growth of 5.5 to 5.7 percent, adjusted EBITDA growth of 9.0 to 9.8 percent, and adjusted Net Income growth of 20 to 21 percent.