Updates
** Shares of contract research firm IQVIA Holdings IQV.N rise 17.4% to a near four-month high of $186.35
** Stock is set for its best day ever, if gains hold
** Co reports Q2 adj. profit of $2.81/share vs analysts' average estimate of $2.77/share - LSEG
** IQV's quarterly revenue of $4.02 billion beats analysts' average expectation of $3.96 billion
** Q2 sales at co's technology and analytics unit was $1.63 billion, vs estimates of $1.60 billion
** Co forecasts annual adj. profit between $11.75 per share and $12.05 per share, compared with analysts' average estimate of $11.84/share
** "The overall market environment remains essentially unsettled and there is still uncertainty persisting regarding future administration policies affecting the biopharmaceutical industry," says CEO Ari Bousbib in an investor call
** Brokerage Evercore ISI says, "IQV's results point to a potential inflection in its biopharma demand environment, which would bode well as we enter 2026"
** Including session moves, stock down 6.2% YTD
(Reporting by Christy Santhosh and Siddhi Mahatole)
((Christy.Santhosh@thomsonreuters.com))