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0 0.00142070680163378 0.00110992718877642 -0.0010655301012254 -0.00821346119694545 -0.00763629905878174 -0.00275261942816553 -0.00190907476469547
Stock impact report

IQVIA trims full-year revenue forecast on stronger dollar [Reuters]

IQVIA Holdings, Inc. (IQV) 
Last iqvia holdings, inc. earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.iqvia.com
Company Research Source: Reuters
dollar and reported a quarter-over-quarter fall in a closely-watched metric, sending shares down nearly 4%. The company expects 2024 revenue of $15.33 billion to $15.58 billion, versus its previous forecast of between $15.4 billion and $15.65 billion, as a strengthening dollar hit sales in its large international market. In the first quarter, IQVIA's adjusted profit of $2.54 per share beat LSEG estimates of $2.48, helped by strong sales in its largest unit, research and development solutions, which provides contract research facilities for biopharmaceutical companies. However, the unit's book-to-bill ratio, which represents number of orders received to those completed, was 1.23x, including the cancellation of a large central nervous system program. It had reported 1.31x in the fourth quarter of 2023. Contract research firms have been witnessing sluggish demand for their services as elevated interest rates squeezed funding among biotech clients for at least past two years, prom Show less Read more
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