Medidata Solutions Inc. (MDSO: Quote) reported second quarter adjusted non-GAAP net income of $0.23 per share Tuesday morning, down from $0.51 per share in the prior year period. The consensus estimate was for EPS of $0.23.
Medidata Solutions gapped up at the open Tuesday and has spiked higher in early trade. Shares are now up 4.22 at $35.39. The stock has broken out of a one-month range and has set a new high for the year.
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by RTT Staff Writer
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