PPD Inc. (PPDI) said that it expects first-quarter earnings to be in the range of $0.13 - $0.15 per share. Analysts polled by Thomson Reuters expect the company to report earnings of $0.29 per share for the first-quarter. Analysts' estimates typically exclude special items.
Earnings for the second-quarter are expected to be in the range of $0.15 - $0.17 per share. For the third-quarter, the company anticipates earnings to be between $0.32 and $0.36 per share. Earnings for the fourth-quarter are expected to be between $0.40 and $0.44 per share.
The company expects earnings per share for the full year 2010 to be in the range of $1.00 to $1.12. PPD anticipates that net revenue for the full year 2010 will be in the range of $1.310 to $1.430 billion, representing single-digit growth over 2009. PPD anticipates that cash flow from operations for the full year 2010 will be in the range of $150 to $200 million. Analysts expect the company to report earnings of $1.27 per share on revenues of $1.32 billion for fiscal 2010.
Projected capital expenditures for the full year 2010 should be in the range of $75 to $85 million. These expenditures will be primarily for facility expansions and improvements, as well as investments in information technology and new laboratory equipment.
As previously announced, PPD plans to spin off its compound partnering business from its core contract research organization, or CRO, business. The company is currently taking the steps necessary to complete the spin-off, and it expects the transaction to be complete in mid-2010.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.