Quintiles Q2 Profit Down - Quick Facts

(RTTNews) - Quintiles Transnational Holdings Inc. (Q) reported second-quarter net income to company of $84.95 million or $0.67 per share, compared to $85.12 million or $0.64 per share, prior year. Adjusted net earnings were $0.78 per share, up from $0.65 per share in the prior year period.

On average, 18 analysts polled by Thomson Reuters expected the company to report profit per share of $0.70 for the quarter. Analysts' estimates typically exclude special items.

Service revenues were $1.07 billion, compared to $1.04 billion, prior year. Analysts expected revenue of $1.05 billion for the quarter. Total revenues increased to $1.44 billion from $1.34 billion last year.

For full year 2015, the company raised its constant currency service revenue growth guidance to a range of 8.5% to 9.5% compared to full year 2014. The company is also increasing its adjusted earnings guidance to a range of $3.09 to $3.19 per share, but lowered its GAAP earnings to a range of $2.84 to $2.96 per share. Analysts expect the company to report fiscal 2015 earnings per share of $3.10.

Earlier, the company expected constant currency service revenue growth guidance to a range of 7.0% to 8.0% compared to full year 2014. The company had expected its adjusted earnings per share to be in the range of $3.02 to $3.13 per share and GAAP earnings per share between $2.89 and $3.03 per share.