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Medpace tops Street 4Q forecasts

CINCINNATI (AP) _ Medpace Holdings Inc. (MEDP) on Monday reported a loss of $21,000 in its fourth quarter.

On a per-share basis, the Cincinnati-based company said it had a loss of less than 1 cent. Earnings, adjusted for one-time gains and costs, were 35 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.

The provider of outsourced clinical development services posted revenue of $108.2 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $94.5 million.

For the year, the company reported profit of $13.4 million, or 37 cents per share. Revenue was reported as $421.6 million.

Medpace expects full-year earnings in the range of $1.58 to $1.68 per share.

Medpace shares have increased nearly 1 percent since the beginning of the year.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MEDP at https://www.zacks.com/ap/MEDP

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Keywords: Medpace, Earnings Report