Parexel International Corp. (PRXL) reported second quarter EPS of $0.26 after the bell Monday, which beat the consensus estimate of $0.22. The company expects to report third quarter EPS of $0.25 to $0.28 and full year 2010 EPS of $1.00 to $1.06. The consensus estimates are for EPS of $0.25 and $0.95 respectively.
Parexel International Corp. gapped up sharply Tuesday, but traded in a range for the bulk of the session. Shares finished higher by $1.89 at $19.43 on the highest volume in 9 months. The stock rose above a 2-week range and set a new high for the year.
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