PPD, Inc. Issues 2011 Financial Guidance

(BUSINESS WIRE)--PPD, Inc. (Nasdaq: PPDI) today reported its projected 2011 financial guidance. PPD anticipates that net revenue, excluding reimbursed out-of-pocket expenses, for the full year 2011 will be in the range of $1.48 to $1.58 billion. The company expects diluted earnings per share for the full year 2011 to be in the range of $1.53 to $1.69. The quarterly 2011 diluted earnings per share are projected to be in the following ranges: Q1 - $0.30 to $0.34; Q2 - $0.36 to $0.40; Q3 - $0.41 to $0.45; and Q4 - $0.46 to $0.50.
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