Navigation Links
Covance Reports Second Quarter Revenue of $518 Million, GAAP EPS of $0.61, and Pro Forma EPS of $0.66
Date:7/27/2011

PRINCETON, N.J., July 27, 2011 /PRNewswire/ -- Covance Inc. (NYSE: CVD) today reported GAAP earnings for its second quarter ended June 30, 2011 of $0.61 per diluted share.  Included in second quarter results is $0.05 per diluted share in costs from the previously-announced restructuring actions. Excluding these costs, earnings per diluted share were $0.66 in the quarter.  

"On a consolidated basis, second quarter net revenues grew 9.1% year-on-year and pro forma operating margin (when excluding $4.6 million of restructuring costs), expanded 80 basis points sequentially to 10.3%," said Joe Herring, Chairman and Chief Executive Officer.  "In Early Development, revenues grew 11.4% year-on-year to $231.8 million. Revenues were up sequentially in toxicology, analytical chemistry, clinical pharmacology, and discovery support, driving a $7.8 million increase in revenues and a 240 basis point increase in pro forma operating margin from last quarter to 14.2%.  In Late-Stage Development, revenues grew 7.3% year-on-year and 3.0% sequentially driven by the continued strong performance in clinical development coupled with the weakening of the US dollar, which more than offset the impact of continued project delays and cancellations in central laboratories. Pro forma operating margin in the segment was 20.0%.  

"On the commercial front, adjusted net orders in the second quarter were $614 million, representing an adjusted book-to-bill of 1.18 to 1 led by continued strong orders across all phases of clinical development.  Looking forward, we are encouraged by the increasing demand for our early development services, including toxicology, as well as the continued robust pipeline of clinical development proposals. In order to fully capitalize on the market opportunities we are seeing, several dozen incremental sales and marketing professionals were hi
'/>"/>

SOURCE Covance Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10

Related medicine technology :

1. Covance to Present at Bairds 2011 Growth Stock Conference
2. Covance Inc. Invites You to Join the Webcast of Its First Quarter 2011 Financial Results Conference Call
3. Covance to Present at the 2nd Annual Morningstar/NYSSA Healthcare Conference
4. Takeda Enters Into Global Strategic Partnerships With Covance and Quintiles
5. Covance Reports Fourth Quarter Revenue of $492 Million, GAAP EPS of $0.45, and Pro Forma EPS of $0.56
6. Covance Reports Third Quarter Financial Results and Takes Actions to Strengthen Future Performance
7. Covance and sanofi-aventis Finalize Agreements for 10-year Strategic R&D Alliance
8. Covance and Sanofi-Aventis Sign Definitive Agreements for 10-Year Strategic R&D Alliance
9. Covance Board Authorizes $250 Million Stock Buyback
10. Covance to Present at Morgan Stanley Global Healthcare Conference
11. Covance to Present at William Blair & Companys 30th Annual Growth Stock Conference
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/15/2014)... Shire plc (LSE: SHP, NASDAQ: SHPG ) announces ... condition to the announced tender offer for all of the outstanding ... result of the waiver, the transaction is no longer conditional on ... January 24, 2014 following the currently scheduled expiration time, subject to ...
(Date:1/15/2014)... BEACH GARDENS, Fla. , Jan. 15, 2014  In an unprecedented ... difficile and TB in ambulances and other transport vehicles, an advanced ... used by rescue personnel for the first time. ... in contact with these deadly pathogens, West Palm Beach ...
(Date:1/15/2014)... Jan. 15, 2014 The Cadence Fitness & Health ... by the Medical Fitness Association, a non-profit organization assisting ... full potential. The Cadence Fitness & Health Center is ... and second in the Chicagoland area. "The ...
Breaking Medicine Technology:Shire Waives OFT Condition Relating to the Acquisition of ViroPharma Inc. 2Shire Waives OFT Condition Relating to the Acquisition of ViroPharma Inc. 3Superbugs No Longer Ride In Rescue Vehicles 2Cadence Fitness & Health Center Certified as Medical Fitness Facility 2Cadence Fitness & Health Center Certified as Medical Fitness Facility 3
... Guard Against,Hospital Infections, KANSAS CITY, Kan., April 02, ... ten leading causes of death in the,United States, ... countless stories about patients who go into hospitals ... As a,patient, knowing the right questions to ask ...
... 2007--Rapamycin, an FDA-approved drug,normally used to help prevent ... and also used to coat cardiac stents, was,highly ... in mice. In a study published in the ... at the National,Cancer Institute (NCI), part of the ...
Cached Medicine Technology:Six Important Things to Know About Preventing Hospital Infections 2Six Important Things to Know About Preventing Hospital Infections 3Immunosuppressant Drug Prevents Tobacco Induced Lung Cancer in Mice 2Immunosuppressant Drug Prevents Tobacco Induced Lung Cancer in Mice 3Immunosuppressant Drug Prevents Tobacco Induced Lung Cancer in Mice 4
(Date:4/17/2014)... One of the most popular vaccine brands for children ... may be overlooking some cost factors when choosing vaccines, ... expensive option, according to a new study by University ... administer can be driven by numerous factors," says Sheldon ... professor of computer science and of mathematics at the ...
(Date:4/17/2014)... a review published in the April issue of ... Feinstein Institute for Medical Research, says it,s time to ... approach to treating sepsis, which kills millions worldwide ... occurs when molecules released into the bloodstream to fight ... Inflammation is necessary for maintaining good health without ...
(Date:4/17/2014)... It,s estimated that as many as 10 million older ... of loneliness and isolation. , However, new research ... retired older Americans for six years found that ... of depression by more than 30 percent. , "That,s ... State University professor of telecommunication, information studies and media ...
(Date:4/17/2014)... YORK April 17, 2014 EcoHealth Alliance, a ... health issues, published a comprehensive review today examining the ... Marburg virus. The review calls for improved global surveillance ... as the recent outbreak of Ebola in West Africa ... the countries of Guinea and Liberia. According to ...
(Date:4/17/2014)... uncommon these days to find a colored ribbon representing a ... cancer. But what color ribbon does one think of with ... color, for many suffering from the disease, black may be ... study consisting of lung cancer patients, primarily smokers between the ... light on the stigma often felt by these patients, the ...
Breaking Medicine News(10 mins):Health News:Study recalculates costs of combination vaccines 2Health News:Feinstein Institute researcher publishes new perspective on sepsis 2Health News:Internet use can help ward off depression among elderly 2Health News:Re-emergence of Ebola focuses need for global surveillance strategies 2Health News:Re-emergence of Ebola focuses need for global surveillance strategies 3Health News:Unraveling the 'black ribbon' around lung cancer 2
... Women experiencing physical abuse from intimate partners spent 42 percent ... to a long-term study of more than 3,000 women. , ... study revealed that women who suffered physical abuse five or ... on health care than women who were never abused. , ...
... Gray of Chicago, IL, will travel to Washington, D.C., ... meet with congressional leaders and gain their support for ... cure for epilepsy.Gray, 9, is one of 37 young ... Speak Up! , a national program coordinated by the ...
... the European UnionEAST PROVIDENCE, R.I., March 23 ... the innovative IlluminOss(TM) Photodynamic Bone Stabilization System for ... granted a CE Mark. The approval permits ... European Union (EU).IlluminOss Medical is beginning the process ...
... Healthcare ProfessionalsVOORHEES, N.J., March 23 The epidemiology ... changing rapidly and has been marked by a ... CDI can be challenging and guidelines for treatment ... effectively implement key strategies for reducing the incidence ...
... African Health Conference in Kenya SILVER SPRING, Md., ... a communications, research, and technology firm, will share the ... mobile video-enabled phones in meeting the requirements for monitoring ... East African Health and Scientific Conference. The findings ...
... MALVERN, Pa., March 23 Fujirebio Diagnostics, Inc., ... leader in cancer biomarker assays, today announced the ... Officer. Dr. Barnes comes to Fujirebio Diagnostics ... has held various positions at Abbott and Meridian ...
Cached Medicine News:Health News:Physical abuse raises women's health costs over 40 percent 2Health News:Illinois Youth Shares Epilepsy Message on Capitol Hill 2Health News:IlluminOss(TM) Photodynamic Bone Stabilization System Receives CE Mark 2Health News:Clostridium difficile Infection in Primary Care: Tackling a Virulent Pathogen 2Health News:Pilot Study Using Video Cell Phones for Mobile Direct Observation Treatment (MDOT) to Monitor Medication Compliance of TB Patients 2Health News:Pilot Study Using Video Cell Phones for Mobile Direct Observation Treatment (MDOT) to Monitor Medication Compliance of TB Patients 3Health News:Pilot Study Using Video Cell Phones for Mobile Direct Observation Treatment (MDOT) to Monitor Medication Compliance of TB Patients 4Health News:Fujirebio Diagnostics Appoints Grady Barnes as Chief Scientific Officer 2
... Protection Made Easy. The new generation FilterWire ... and ease of use, providing you with ... stenting and angioplasty procedures., ,The FilterWire EZ ... requiring minimal changes to technique. The ...
... sizes, noise is not a factor with ... For use with mini-crocodile clip lead wires ... x 2.5 cm (.875 x 1 in), ... 100-count package contains 10 individually sealed sets ...
... and patient information from all cardiology ... one central system. It simplifies the ... so that healthcare professionals can focus ... people., ,Many Sources, One Solution ,Multi-modality ...
... Xi300 is so bright many surgeons turn it ... to shift into when the going gets tough. ... a true Hot Start and the technologically advanced ... that prevent failed start ups and overheating. The ...
Medicine Products: