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Early Stage revenue was $10.8 million (-4%) and YTD was $27.2 million (+7%).
November 5, 2009
By: Tim Wright
Kendle 3Q09 3Q Revenues: $133.8 million (-26%) 3Q Earnings: $8.8 million (-6%) YTD Revenues: $421.0 million (-19%) YTD Earnings: $12.9 million (-35%) Comments: Early Stage revenue was $10.8 million (-4%) and YTD was $27.2 million (+7%). Late Stage revenue was down 17% to $91.5 million in the quarter and down 14% to $284.7 million YTD. New business awards for the quarter totaled $137.2 million, up from $132 million in 2Q09. Contract cancellations for the quarter were $53.8 million or 6% of the company’s backlog at June 30, 2009.
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