Baird Downgrades PAREXEL International (PRXL) to Neutral

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Go back to Baird Downgrades PAREXEL International (PRXL) to Neutral

PAREXEL International Reports First Quarter Fiscal Year 2017 Results and Announces New Share Repurchase Program

October 26, 2016 4:02 PM EDT

First Quarter Fiscal Year 2017 Results (compared to First Quarter Fiscal Year 2016)

GAAP diluted earnings per share of $0.75, up 66.7%; adjusted earnings per share of $0.76, up 8.6% Service revenue of $500.9 million, down 2.2%; constant currency revenue decline of 2.4% Gross new business of $930 million Company guides to GAAP EPS of $3.55-$3.89 and adjusted EPS of $3.71-$4.05 for Fiscal Year 2017 Board approved new $200 million share repurchase program

BOSTON--(BUSINESS WIRE)-- PAREXEL International Corporation (NASDAQ: PRXL) today reported... More