Why Medpace Holdings Stock Is Rising After-Hours

Medpace Holdings Inc  MEDP shares are trading higher in Monday's after-hours session after the company released its third-quarter results.

What To Know: The company reported earnings per share of $2.22, which beat the estimate of $2.05, and sales of $492.50 million, beating the $475.75 million estimate.

Medpace also generated $114.4 million in cash flow from operating activities during the quarter.

The company anticipates 2023 revenue in the range of $1.870 billion to $1.890 billion and 2024 revenue in the range of $2.150 billion to $2.200 billion.

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MEDP Price Action: Shares of MEDP were up 4.61% at $238 in the after-hours session at the time of publication, according to Benzinga Pro.

Photo: Steve Buissinne from Pixabay