Medpace: Q3 Earnings Snapshot

Published: 2021-10-25 16:33:07 ET MEDP

CINCINNATI (AP) _ Medpace Holdings Inc. (MEDP) on Monday reported third-quarter profit of $48.6 million.

The Cincinnati-based company said it had profit of $1.29 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.

The provider of outsourced clinical development services posted revenue of $295.6 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $292.1 million.

Medpace expects full-year earnings to be $4.66 to $4.77 per share, with revenue in the range of $1.14 billion to $1.15 billion.

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