Quintiles' quarterly profit beats estimates

Reuters

Oct 31 (Reuters) - Quintiles Transnational Holdings Inc, the world's largest medical contract research provider,reported a better-than-expected quarterly profit as it signedmore contracts.

Net income attributable to Quintiles rose to $66.8 million,or 50 cents per share, in the third quarter ended Sept. 30 from$52.1 million, or 44 cents per share, a year earlier.

Excluding items, the company earned 54 cents per share.

Analysts on average expected 50 cents per share, accordingto Thomson Reuters I/B/E/S.

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