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Syneos Health: 1Q Earnings Snapshot

MORRISVILLE, N.C. (AP) _ Syneos Health Inc. (SYNH) on Thursday reported a loss of $30 million in its first quarter.

The Morrisville, North Carolina-based company said it had a loss of 29 cents per share. Earnings, adjusted for one-time gains and costs, were 59 cents per share.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.

The clinical research company posted revenue of $1.12 billion in the period, meeting Street forecasts.

Syneos Health expects full-year earnings in the range of $3.03 to $3.23 per share.

Syneos Health shares have increased 17% since the beginning of the year. The stock has increased 18% in the last 12 months.


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