IQVIA Q2: 5.3% Sales Growth, Additional Share Repurchase, Reduced FY23 Guidance & More
Portfolio Pulse from Nabaparna Bhattacharya
IQVIA Holdings, Inc. reported Q2 sales of $3.728 billion, up 5.3% Y/Y, beating the consensus of $3.704 billion. The company also reported Q2 adjusted EPS of $2.43, beating the consensus of $2.37. However, the company reduced its FY23 guidance and its shares are down 3.23% at $216.53. The company also announced an additional $2 billion share repurchase authorization, bringing the total remaining authorization to $2.736 billion.
August 04, 2023 | 9:40 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
IQVIA reported better than expected Q2 results but reduced its FY23 guidance. The company also announced an additional $2 billion share repurchase authorization.
IQVIA reported strong Q2 results, beating both sales and EPS consensus. However, the company reduced its FY23 guidance, which could have led to the drop in its share price. The announcement of an additional $2 billion share repurchase authorization could provide some support to the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100