Quintiles reports 4Q loss

DURHAM, N.C. (AP) _ Quintiles Transitional Holdings Inc. (Q) on Tuesday reported a fourth-quarter loss of $178 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Durham, North Carolina-based company said it had a loss of 74 cents. Earnings, adjusted for amortization costs and non-recurring costs, were $1.09 per share.

The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The clinical testing company posted revenue of $2.34 billion in the period. Its adjusted revenue was $1.95 billion, which missed Street forecasts. Eight analysts surveyed by Zacks expected $1.97 billion.

For the year, the company reported profit of $115 million, or 76 cents per share. Revenue was reported as $5.36 billion.

For the current quarter ending in April, Quintiles expects its per-share earnings to range from 93 cents to 97 cents.

The company said it expects revenue in the range of $1.89 billion to $1.93 billion for the fiscal first quarter.

Quintiles expects full-year earnings in the range of $4.40 to $4.55 per share.

Quintiles shares have risen 5 percent since the beginning of the year. The stock has climbed 36 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on Q at https://www.zacks.com/ap/Q


Keywords: Quintiles, Earnings Report