IQVIA Holdings Inc
IQV: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$533.00 | Zwtdcm | Hvdhhtxkv |
IQVIA Earnings: Healthy Results Drive Long-Term Growth; Raising Fair Value Estimate to $268
IQVIA delivered solid second-quarter results, highlighted by stronger-than-expected performance from the technology and analytics, or TAS, segment, which rose 2.7% from the prior year and brought in nearly $1.5 billion in revenue. Macroeconomic challenges have led IQVIA's customers to spend more cautiously in the last few quarters, which had negatively affected sales in TAS by only growing 0.6% in the first quarter of 2024. Total second-quarter revenue of $3.8 billion represented 2.3% growth versus the prior year.