IQVIA rises after raising annual profit forecast - IQV News | RalliesIQVIA rises after raising annual profit forecast
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IQV• IQVIA shares rise after stronger outlook and results
- Shares of contract research firm IQVIA Holdings
IQV.N rose 10.2% to $235 in premarket trading.
- The company raised its FY2026 adjusted profit forecast to $12.80-$13.00 per share from its prior forecast of $12.65-$12.95 per share.
- The new forecast midpoint of $12.90 per share was above analysts' estimate of $12.80 per share, according to LSEG data.
- IQVIA's Q2 revenue of $4.37 billion topped analysts' average expectation of $4.301 billion, LSEG data showed.
- The company reported Q2 adjusted profit of $3.15 per share versus analysts' average estimate of $3.03 per share, LSEG data showed.
- As of the last close, the stock was down about 5% year to date.
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