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Medidata Solutions Q2 adjusted earnings Beat Estimates

Medidata Solutions (MDSO) released a profit for its second quarter that climbed from the same period last year.

The company's bottom line came in at $16.59 million, or $0.27 per share. This compares with $7.54 million, or $0.13 per share, in last year's second quarter.

Excluding items, Medidata Solutions reported adjusted earnings of $26.40 million or $0.43 per share for the period.

Analysts had expected the company to earn $0.39 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.6% to $155.91 million from $136.03 million last year.

Medidata Solutions earnings at a glance:

-Earnings (Q2): $26.40 Mln. vs. $18.06 Mln. last year.
-EPS (Q2): $0.43 vs. $0.30 last year.
-Analysts Estimate: $0.39
-Revenue (Q2): $155.91 Mln vs. $136.03 Mln last year.

Full year EPS guidance: $624.0 - $648.0 Mln

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