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Clinical Development Services revenue was $260.3 million in the quarter (+4%).
October 27, 2010
By: Tim Wright
PPD 3Q 3Q Revenues: $365.4 million (+7%) 3Q Earnings: $38.0 million (+1%) YTD Revenues: $1.1 billion (+2%) YTD Earnings: $76.2 million (earnings were $140.3 million YTD09) Comments: Clinical Development Services revenue was $260.3 million in the quarter (+4%). Lab Services revenue was up 17% to $79.0 million. Backlog at September 30, 2010 was $3.4 billion. Contract cancellations and adjustments were $220.9 million in the quarter, including two project cancellations totaling $92.8 million.
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