Medidata Solutions Reports 26% Advance In Q3 Bottom Line

(RTTNews) - Medidata Solutions (MDSO) announced earnings for its third quarter that gained ground compared to the same period last year.

The company said its bottom line advanced to $14.00 million, or $0.25 per share. This was up from $11.10 million, or $0.20 per share, in last year's third quarter.

Analysts had expected the company to earn $0.24 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 19.9% to $103.11 million. This was up from $86.00 million last year.

Medidata Solutions earnings at a glance:

-Earnings (Q3): $14.00 Mln. vs. $11.10 Mln. last year. -Earnings Growth (Y-o-Y): 26.1% -EPS (Q3): $0.25 vs. $0.20 last year. -EPS Growth (Y-o-Y): 25.0% -Analysts Estimate: $0.24 -Revenue (Q3): $103.11 Mln vs. $86.00 Mln last year. -Revenue Change (Y-o-Y): 19.9%

-Guidance: Full year revenue guidance: $392 Mln - $412 Mln