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Quintiles Transnational Holdings Inc Issues FY 2013 Guidance; EPS Guidance Above Analysts' Estimates

Thursday, 1 Aug 2013 06:00am EDT 

Quintiles Transnational Holdings Inc announced that for fiscal 2013, it expects to achieve service revenues between $3.76 billion and $3.81 billion which represents a constant currency growth range of 3.8% to 5.2%. The Company also expects diluted adjusted earnings per share between $1.95 and $2.05 per share representing growth of 10.2% to 15.5%, diluted GAAP earnings per share between $1.63 and $1.73 per share. This financial guidance is based on the actual results for the first half of 2013 combined with the expected results for the second half of 2013, assuming that June foreign currency exchange rates stay in effect for the remainder of the year. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of revenues of $3.80 billion and EPS of $1.89 for fiscal 2013.