PAREXEL Intl. Corp. (PRXL) is climbing sharply during pre-market trading on Tuesday following quarterly results. At 9:19 am ET the stock is trading at $10.00 up $1.92 from Monday's close.
With the advance, the stock is indicated to open having reversed some recent gains.
The company reported that its third-quarter profit slightly increased to $14.20 million from $14.19 million last year. Earnings per share were $0.25, flat with last year. On average, analysts polled by Thomson Reuters expected the company to report profit of $0.24 per share for the quarter.
Revenue increased to $310.96 million from $294.72 million a year ago. Service revenue increased to $264.46 million from $245.34 million last year. Analysts expected revenues of $276.62 million for the quarter.
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