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Covance Reports Third Quarter Net Revenue Of $607 Million, Pro Forma EPS Of $0.83 And Adjusted Net Orders Of $732 Million
Date:10/29/2013

5711,50130,269Equity investee earnings1717Net income $
,835$
,177$
41,534$
4,567$
(11,501)$
,612Basic earnings per share$
.10$
.29$
.75$
.08$
(0.21)$
2.02Weighted average shares outstanding - basic55,206,19055,206,19055,206,19055,206,19055,206,19055,206,190Diluted earnings per share$
.07$
.29$
.73$
.08$
(0.20)$
.97Weighted average shares outstanding - diluted56,701,28056,701,28056,701,28056,701,28056,701,28056,701,280(1) Represents costs incurred to better align capacity to preclinical market demand and reduce cost structure.(2) Consists of inventory impairment and costs associated with the settlement of an inventory supply agreement ($24,781), goodwill impairment ($17,959), impairment of equity investment ($7,373) and a gain on the sale of an investment $1,459.(3) Represents results of operations at sites where wind-down activities have commenced.(4) Primarily represents favorable resolutions of income tax matters. 


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