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.
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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.