Shares of Medpace Holdings, Inc. (MEDP) surged over 10 percent on Tuesday morning, following the announcement of their impressive fourth-quarter earnings. Currently, Medpace's stock shows an encouraging 11.87 percent increase, with shares trading at $362.05, up from the prior close of $324.21. The trading volume stands at 195,859, with the share price having fluctuated between $167 and $365.98 during the past 52 weeks on the Nasdaq exchange.
The company reported an increase in earnings to $78.3 million, or $2.46 per share, up from the $68.7 million or $2.12 per share from the previous year. Furthermore, revenue showed a considerable growth of 26.5 percent, rising to $498.4 million compared to the $394.1 million from the year prior.
Looking to the future, Medpace has set their profit expectations for the fiscal year 2024 to fall between $10.18 to $10.87 per share.
