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

red globally in the first half of this year.

"Covance now expects full-year revenue growth in the mid-to-high single digit range and pro forma earnings to be in the range of $2.60 to $2.80 per diluted share, excluding costs associated with previously announced restructuring activities.  This range assumes no new strategic alliances with clients and foreign exchange rates remain at June 30, 2011 levels. In the third quarter, we are expecting a continued sequential increase in net revenues and pro forma earnings per share of approximately $0.70."

Consolidated Results($ in millions except EPS)2Q112Q10ChangeYTD11YTD10ChangeTotal Revenues

$547.7

$500.7$1,075.2

$1,005.7Less: Reimbursable Out-of-Pockets  

$29.5

$25.5$55.0

$ 48.6Net Revenues

$518.2

$475.2

9.1%

$1,020.2

$ 957.1

6.6%Operating Income

$48.8

$42.5

14.7%

$90.7

$ 95.4

(4.9%)   Operating Margin

9.4%

8.9%8.9%

10.0%Net Income

$37.6

$31.7

18.9%

$70.4

$70.8

(0.6%)Diluted EPS

$0.61

$ 0.49

26.3%

$1.15

$1.09

5.9%2011 Restructuring Costs*

($4.6)($10.4)Operating Income, excluding 2011 items*

$53.3$101.1  Operating Margin, ex 2011 items*

10.3%9.9%Net Income, ex 2011 items*

$40.6$77.1Diluted EPS, ex 2011 items*

$0.66$1.26* See attached pro forma income statement for reconciliation of 2011 GAAP to pro forma amounts.Operating Segment Results Early Development($ in millions)2Q112Q10ChangeYTD11YTD10ChangeNet Revenues

$231.8

$208.2

11.4%

$455.9

$413.2

10.3%GAAP Operating Income

$ 30.9

$ 22.5

37.4%

$ 54.5

$ 45.4

20.0%GAAP Operating Margin %

13.3%

10.8%12.0%

11.0%2011 Restructuring Costs

($2.0)($
'/>"/>

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:5/6/2015)... , May 6, 2015  Membership in Medicare Supplement ... a Healthcare Business Strategy report released by Mark ... as Medigap or Med Supp plans, covered approximately ... a 5.2% increase from 2013. Between 2013 and ... 551,135 covered lives.  Though UnitedHealth was the segment ...
(Date:5/6/2015)... --Research and Markets ( http://www.researchandmarkets.com/research/rd24gk/chromatography ) ... (Instruments and Reagents) Global Market - Forecast to ... Chromatography is an analytical technique, a method of ... mixture by differential movement through a two phase ... chromatography as an esoteric art, which mainly involves ...
(Date:5/6/2015)... 2015 Research and Markets ( ... "Asia-Pacific Internal Trauma Fixation Devices Market by ... To 2019" report to their offering. ... is estimated to grow at a CAGR of ... technological advancement, rising incidences of road accidents, increasing ...
Breaking Medicine Technology:Continued Growth in Med Supp Market for 2014 according to Mark Farrah Associates 2Global Chromatography (Instruments and Reagents) Market 2015 - Forecasts to 2019 2Asia-Pacific Internal Trauma Fixation Devices (Internal Trauma Fixation Plates, Screws, Rod Wires & Pins, Fusion Nails) Market 2015 2
... N.J., Sept. 20 In an effort to stimulate local ... connection with the communities in which they work, today, Roche, ... Economic Develop Assistance Commission (CEDAC) and the Nutley Chamber of ... in Nutley and Clifton, New Jersey. Roche ...
... Stereotaxis, Inc. (Nasdaq: STXS ) today announced ... Company its 100th patent, a major intellectual property milestone. ... "Method and Apparatus for Dynamic Magnetic Field Control Using ... to innovate and protect its leading position in robotic ...
Cached Medicine Technology:Roche Launches New Initiative - 'Roche Goes to Town' 2Roche Launches New Initiative - 'Roche Goes to Town' 3Stereotaxis Achieves Intellectual Property Milestone With 100th U.S. Patent 2Stereotaxis Achieves Intellectual Property Milestone With 100th U.S. Patent 3Stereotaxis Achieves Intellectual Property Milestone With 100th U.S. Patent 4
(Date:5/6/2015)... 2014 (PRWEB) May 06, 2015 ... on behalf of MEBC, an Alliance Award for ... Software during FOCUS 2015, JDA’s annual user conference ... manufacturing, retail and wholesale distribution sectors. This award ... clients are receiving services that advance their supply ...
(Date:5/6/2015)... 06, 2015 The Beryl Institute announces ... of Patient Experience Journal (PXJ), an international, open access, ... understanding and improving patient experience. The second volume of ... conversation globally, helps align the voices engaged and provides ... Published in association with The Beryl Institute, Volume 2, ...
(Date:5/6/2015)... 2015 Marketing Maven announces ... water, sanitation and hygiene nonprofit by GuideStar’s Philanthropedia. , ... world and it brings our agency great joy to ... Maven. “The ongoing relationship between WaterAid and ... to learn about and support the nonprofit as they ...
(Date:5/6/2015)... (PRWEB) May 06, 2015 Wolters ... healthcare professionals and students, announced today that in a ... confirmed that use of the clinical decision support resource ... the end of 2014, UpToDate users in more than ... topics per month, on average. In Germany alone, 95% ...
(Date:5/6/2015)... May 06, 2015 TU-Automotive has opened ... and autonomous vehicles make it to the headlines of ... Ford, Nissan, GM, Volvo and Hyundai ready to share ... this is the only way for press to go ... Charlotte Wright, marketing director, TU-Automotive said “This year we’re ...
Breaking Medicine News(10 mins):Health News:MEBC Receives Award for Consulting Excellence in Retail 2Health News:Patient Experience Journal Releases Spring 2015 Issue 2Health News:Marketing Maven Expands Partnership with the #1 Ranked International Water, Sanitation and Hygiene Nonprofit 2Health News:Marketing Maven Expands Partnership with the #1 Ranked International Water, Sanitation and Hygiene Nonprofit 3Health News:Current, Evidence-Based Knowledge for Physicians: UpToDate supports quick and accurate decision support for diagnosis and treatment 2Health News:Current, Evidence-Based Knowledge for Physicians: UpToDate supports quick and accurate decision support for diagnosis and treatment 3Health News:Press Registration for TU-Automotive Detroit Now Open 2
... Day, Rotary members around the globe are focused on the issue 24/7. , ... , , ... ... Rotary is committed to helping achieve the UN Millennium Development Goal that ...
... The film "Avatar" isn,t the only 3-D blockbuster making a ... unveiled a new technique for growing 3-D cell cultures, a ... millions of dollars in drug-testing costs. The research is reported ... easy enough for most labs to set up immediately. It ...
... New studies suggest promising new ways to ease atrial ... data presented at a major cardiology meeting Monday brought ... abnormal heartbeat that afflicts more than 2 million Americans. ... of the heart can quiver or race irregularly, rather ...
... that the Chilean government approved two of the company,s penem injectables. , ... , , ... ... ...
... emergency department can be avoided with effective palliative care, states ... ( CMAJ ) (pre-embargo link only) http://www.cmaj.ca/embargo/cmaj091187.pdf . In Ontario, ... the last 2 weeks of life. A study was ... cancer visit the emergency department near the end of life. ...
... is an accurate technique for locating and avoiding nerves ... Hospital researchers. The issue becomes important for ... continues to grow, so does the need for effective ... to avoid damage to them. Mechanomyography (MMG) systems ...
Cached Medicine News:Health News:Rotary Clubs Always Pumped for World Water Day 2Health News:Rotary Clubs Always Pumped for World Water Day 3Health News:3-D cell culture: Making cells feel right at home 2Health News:3-D cell culture: Making cells feel right at home 3Health News:Freezing, Medicating Away a Dangerous Irregular Heart Rhythm 2Health News:Freezing, Medicating Away a Dangerous Irregular Heart Rhythm 3Health News:Freezing, Medicating Away a Dangerous Irregular Heart Rhythm 4Health News:Hard to Treat Diseases (HTDS) Awarded Two Antibiotics Certificates For Chile 2Health News:Hard to Treat Diseases (HTDS) Awarded Two Antibiotics Certificates For Chile 3Health News:Hard to Treat Diseases (HTDS) Awarded Two Antibiotics Certificates For Chile 4Health News:Hard to Treat Diseases (HTDS) Awarded Two Antibiotics Certificates For Chile 5Health News:Dying cancer patient visits to emergency departments can be avoided 2Health News:Study: Mechanomyography to be accurate in detecting nerves during minimally invasive spine surgery 2
... Visionblue is a staining solution for ... required for performing a safe phaco-emulsification ... lens capsule may result in an ... risk of radial capsule tears and ...
Rhex-ID (Trypan Blue 0.8 mg)....
Unmatched versatility for hemostasis wherever needed. Can be applied to suit your needs....
Auto refractometer....
Medicine Products: