Medidata Solutions Earnings Rise 12% In Q2

(RTTNews) - Medidata Solutions (MDSO) revealed a profit for its second quarter that rose compared to the same period last year.

The company said its bottom line climbed to $13.52 million, or $0.24 per share. This was up from $12.08 million, or $0.22 per share, in last year's second quarter.

Analysts had expected the company to earn $0.23 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 16.9% to $114.61 million. This was up from $98.08 million last year.

Medidata Solutions earnings at a glance:

-Earnings (Q2): $13.52 Mln. vs. $12.08 Mln. last year. -Earnings Growth (Y-o-Y): 11.9% -EPS (Q2): $0.24 vs. $0.22 last year. -EPS Growth (Y-o-Y): 9.1% -Analysts Estimate: $0.23 -Revenue (Q2): $114.61 Mln vs. $98.08 Mln last year. -Revenue Change (Y-o-Y): 16.9%

-Guidance: Full year revenue guidance: $450.0 - $474.0 Mln