IQVIA Holdings Adjusts FY22 Outlook To Reflect FX Impact - Update

RTTNews | 1131 days ago
IQVIA Holdings Adjusts FY22 Outlook To Reflect FX Impact - Update

(RTTNews) - While reporting financial results for the second quarter on Tuesday, life sciences services company IQVIA Holdings Inc. (IQV) adjusted its adjusted earnings and revenue guidance for the full-year 2022 to reflect the impact of the strengthening of the US dollar since issuance of prior guidance. The company also provided financial outlook for the third quarter.

For fiscal 2022, the company now projects adjusted earnings in a range of $10.00 to $10.20 per share on revenues between $14.40 billion and $14.55 billion and low-to-mid teens organic revenue growth at constant currency, excluding COVID-related work.

Previously, the company expected adjusted earnings in the range of $9.95 to $10.25 per share on revenues between $14.45 billion and $14.75 billion and low-to-mid teens organic revenue growth at constant currency, excluding COVID-related work.

On average, analysts polled by Thomson Reuters expect earnings of $10.12 per share on revenues of $14.59 billion for the year. Analysts' estimates typically exclude special items.

For third quarter, the company expects adjusted earnings in a range of $2.34 to $2.42 per share on revenues between $3.515 billion and $3.565 billion, with underlying organic growth excluding COVID-related work of low-to-mid teens at constant currency. The Street is looking for earnings of $2.48 per share on revenues of $3.61 billion for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
IQVIA Holdings Guides FY24 In Line With Estimates - Update

IQVIA Holdings Guides FY24 In Line With Estimates - Update

While reporting financial results for the fourth quarter on Wednesday, life sciences services company IQVIA Holdings Inc. (IQV) initiated its adjusted earnings and revenue guidance for the full-year 2024, in line with analysts' estimates.
RTTNews | 558 days ago
IQVIA Holdings Slashes FY23 Outlook - Update

IQVIA Holdings Slashes FY23 Outlook - Update

While reporting financial results for the third quarter on Wednesday, life sciences services company IQVIA Holdings Inc. (IQV) slashed its adjusted earnings and revenue guidance for the full-year 2023. The company also provided financial outlook for the fourth quarter, well below estimates.
RTTNews | 663 days ago
Rally May Stall For Malaysia Stock Market

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
RTTNews | 27 minutes ago
Japan Stock Market May Spin Its Wheels On Tuesday

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.
RTTNews | 42 minutes ago
KOSPI May Run Out Of Steam On Tuesday

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
RTTNews | 57 minutes ago
RBA Minutes On Tap For Tuesday

RBA Minutes On Tap For Tuesday

The Reserve Bank of Australia will on Tuesday release the minutes from its August 12 monetary policy meeting, highlighting a modest day for Asia-Pacific economic activity.
RTTNews | 1h 57min ago
Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

After a weak start and a subsequent long spell in negative territory, the Switzerland market briefly moved slightly above the flat line in late afternoon trades on Monday, but quickly tumbled again to eventually settle on a weak note.
RTTNews | 5h 55min ago