Quintiles Q3 Profit Rises - Quick Facts

(RTTNews) - Quintiles Transnational Holdings Inc. (Q), Thursday reported an increase in the third-quarter net income, while sales were flat with last year. The company also updated its adjusted earnings per share guidance.

Net income attributable to Quintiles Transnational Holdings was $66.8 million or $0.50 per share, compared with $52.09 million or $0.44 per share last year.

On an adjusted basis, net income was $71.9 million or $0.54 per share for the quarter.

On average, sixteen analysts polled by Thomson Reuters expected the company to report earnings per share of $0.50for the quarter. Analysts' estimates typically exclude one-time items.

Total revenues for the three-month period was $1.19 billion, flat with last year. Analysts expected the company to generate revenues of $952.14 million for the quarter.

Looking forward, the company said it raised adjusted earnings per share guidance to between $2.03 and $2.09 per share. The company said it expects GAAP earnings per share between $1.71 and $1.77 per share. Analysts expect the company to report earnings of $2.01 per share for the year.