Medidata Solutions Q4 adjusted earnings Beat Estimates

(RTTNews) - Medidata Solutions (MDSO) announced a profit for fourth quarter that dropped from last year.

The company's profit came in at $14.32 million, or $0.23 per share. This compares with $17.01 million, or $0.28 per share, in last year's fourth quarter.

Excluding items, Medidata Solutions reported adjusted earnings of $27.70 million or $0.45 per share for the period.

Analysts had expected the company to earn $0.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 18.1% to $167.19 million from $141.59 million last year.

Medidata Solutions earnings at a glance:

-Earnings (Q4): $27.70 Mln. vs. $27.77 Mln. last year. -EPS (Q4): $0.45 vs. $0.46 last year. -Analysts Estimate: $0.37 -Revenue (Q4): $167.19 Mln vs. $141.59 Mln last year.