Medidata Solutions Q1 adjusted earnings Beat Estimates

(RTTNews) - Medidata Solutions (MDSO) announced earnings for its first quarter that increased from last year.

The company's earnings totaled $11.15 million, or $0.18 per share. This compares with $10.33 million, or $0.17 per share, in last year's first quarter.

Excluding items, Medidata Solutions reported adjusted earnings of $27.94 million or $0.45 per share for the period.

Analysts had expected the company to earn $0.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.3% to $173.50 million from $149.20 million last year.

Medidata Solutions earnings at a glance:

-Earnings (Q1): $27.94 Mln. vs. $23.98 Mln. last year. -EPS (Q1): $0.45 vs. $0.40 last year. -Analysts Estimate: $0.35 -Revenue (Q1): $173.50 Mln vs. $149.20 Mln last year.