mohd izzuan/iStock via Getty Images IQVIA Holdings ( NYSE: IQV ) is up ~6% Monday after posting Q2 financial results that beat on both lines and updating its fiscal 2024 outlook. FY 2024 revenue is now expected at $15.425B-$15.
525B (consensus $15.46B). Adjusted diluted EPS is expected at $11.
10-$11.30 (consensus $11.08).
In the quarter, net income rose ~22% year over year to $363M ($1.97 per diluted share vs. $1.
59). IQVIA ended the quarter (June 30) with ~$1.55B in cash and cash equivalents compared to ~$1.
38B on Dec. 31. More on IQVIA IQVIA: Potential AI Beneficiary IQVIA: Long-Term Compounder Throwing Off Free Cash Flow IQVIA Holdings Inc.
2024 Q1 - Results - Earnings Call Presentation IQVIA Non-GAAP EPS of $2.64 beats by $0.08, revenue of $3.
81B beats by $20M.
