PAREXEL International Corp. (PRXL) Tuesday reported first-quarter profit of $29.5 million or $0.50 per share, up from $22.9 million or $0.38 per share in the same period last year.
Adjusted earnings for the quarter was $29.5 million or $0.50 per share. On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.40 per share for the quarter. Analysts' estimates typically exclude special items.
Service revenue increased 27.7 percent to $454.5 million from $356.0 million last year. Analysts expected revenues of $438.10 million.
Looking ahead to the fourth-quarter, the company has forecast earnings in the range of $0.40 to $0.44 per share, with revenues in the order of $449.0 million to $459.0 million. Analysts currently expect the company to earn $0.43 per share on revenues of $449.49 million for the quarter.
For the fiscal 2013 the company raised its earnings outlook to a range of $1.51 to $1.55 per share from previous guidance range of $1.39 to $1.47 per share. Full-year adjusted earnings is currently projected in a range of $1.60 to $1.64 per share, up from $1.48 to $1.56 per share, announced previously.
Full-year revenues are expected to range between $1.72 billion and $1.73 billion. This compares to the previous guidance range of $1.70 billion to $1.71 billion. Analysts currently expect the company to report full-year earnings of $1.52 per share on revenues of $1.70 billion.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.