Medidata Solutions, Inc. (MDSO) Tuesday reported first-quarter loss of $1.8 million or $0.03 per share, compared to a profit of $5.7 million or $0.11 per share in the same period last year.
Adjusted earnings for the quarter were $5.9 million or $0.11 per share. On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.16 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues increased 21 percent to $76.6 million from $63.3 million last year. Analysts expected revenues of $79.50 million.
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