Medidata Solutions Q3 adjusted earnings Beat Estimates

(RTTNews) - Medidata Solutions (MDSO) announced earnings for third quarter that dropped from last year.

The company's bottom line came in at $10.69 million, or $0.17 per share. This compares with $13.04 million, or $0.22 per share, in last year's third quarter.

Excluding items, Medidata Solutions reported adjusted earnings of $26.20 million or $0.42 per share for the period.

Analysts had expected the company to earn $0.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 17.6% to $163.41 million from $138.95 million last year.

Medidata Solutions earnings at a glance:

-Earnings (Q3): $26.20 Mln. vs. $20.39 Mln. last year. -EPS (Q3): $0.42 vs. $0.34 last year. -Analysts Estimate: $0.36 -Revenue (Q3): $163.41 Mln vs. $138.95 Mln last year.