RALEIGH, N.C. (AP) _ PRA Health Sciences Inc. (PRAH) on Wednesday reported second-quarter earnings of $41.1 million.
On a per-share basis, the Raleigh, North Carolina-based company said it had net income of 62 cents. Earnings, adjusted for one-time gains and costs, came to $1.22 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.
The contract research organization posted revenue of $763.3 million in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $764.1 million.
PRA Health Sciences expects full-year earnings in the range of $4.98 to $5.08 per share, with revenue in the range of $3.02 billion to $3.1 billion.
PRA Health Sciences shares have risen almost 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $99.91, a fall of 5% in the last 12 months.