Covance Inc. (CVD) reported net income for the third quarter of $51.06 million or $0.79 per share, compared to $51.11 million or $0.80 per share in the year-ago quarter.
Adjusted net income for the quarter declined to $43.1 million or $0.67 per share from $51.1 million or $0.80 per share in the same quarter last year.
Net revenues for the quarter increased 8% to $475.28 million from $440.11 million in the prior-year quarter.
On average, analysts polled by Thomson Reuters expected the company to earn $0.67 per share, on revenues of $468.80 million for the quarter. Analysts estimates typically exclude special items.
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