Quintiles (Q) PT Raised to $78 at Evercore ISI
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Quintiles 2nd Quarter 2016 Results
July 27, 2016 6:02 AM EDT8.6% service revenue growth, 7.9% at constant currency, compared to the second quarter of 2015 $0.93 diluted adjusted EPS representing 19.2% growth compared to the second quarter of 2015, with $0.71 diluted GAAP EPS representing 6.0% growth $1.64 billion of net new business in the second quarter of 2016 up 24.4% compared to the second quarter of 2015, representing a 1.41 book-to-bill ratio and resulting in backlog of $12.5 billion as of June 30, 2016 $97.6 million of share repurchases during the second quarter of 2016 Updating full year 2016 service revenue constant currency growth guidance to 6.0% to 7.0% compared to full year... More
