Why Medpace Holdings Stock Is Rising After-Hours
Portfolio Pulse from Ryan Gustafson
Medpace Holdings Inc (NASDAQ:MEDP) shares rose in after-hours trading following the release of its Q3 results. The company reported earnings per share of $2.22, beating the estimate of $2.05, and sales of $492.50 million, surpassing the $475.75 million estimate. Medpace also generated $114.4 million in cash flow from operating activities during the quarter. The company anticipates 2023 revenue in the range of $1.870 billion to $1.890 billion and 2024 revenue in the range of $2.150 billion to $2.200 billion.
October 23, 2023 | 9:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Medpace Holdings reported strong Q3 results, beating estimates, and projected robust revenue for 2023 and 2024. This led to a rise in its stock price in after-hours trading.
Medpace Holdings reported better-than-expected Q3 results and strong revenue projections for the next two years. This positive financial performance and outlook likely boosted investor confidence, leading to a rise in the company's stock price in after-hours trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100