Healthcare Analytics Solutions Provider IQVIA Cuts Annual Forecast, Sees Demand Slowing For Services
Portfolio Pulse from Vandana Singh
IQVIA Holdings Inc reported Q3 sales of $3.74 billion, missing the consensus of $3.78 billion, but beating the consensus on Q3 adjusted EPS of $2.49. The company cut its annual forecast due to slower growth in the Technology & Analytics Solutions segment and the impact of the strengthening US dollar. IQVIA shares are down 4.98% at $171.82.
November 01, 2023 | 5:47 pm
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IQVIA Holdings reported lower than expected Q3 sales and cut its annual forecast, leading to a drop in its share price.
IQVIA Holdings reported Q3 sales that were lower than the consensus estimate and also cut its annual forecast due to slower growth in one of its segments and the impact of the strengthening US dollar. This negative news has led to a drop in its share price.
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