Pre-paid Legal Services, Inc. (PPD) Tops Q1 EPS by 2c, Revenues Beat; Offers 2Q Revenue Guidance Below Consensus

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Go back to Pre-paid Legal Services, Inc. (PPD) Tops Q1 EPS by 2c, Revenues Beat; Offers 2Q Revenue Guidance Below Consensus

PPD Reports First Quarter 2020 Results

May 6, 2020 4:01 PM EDT

WILMINGTON, N.C.--(BUSINESS WIRE)-- PPD, Inc. (Nasdaq: PPD), a leading global contract research organization, today reported its financial results for the first quarter ended March 31, 2020.

Highlights

Net authorizations of $1,063.6 million, representing 8.8% growth over first quarter 2019 and resulting in a net book-to-bill ratio of 1.30x on a historical basis Ending backlog of $7,312.2 million, representing 11.9% growth over first quarter 2019 on a historical basis Revenue of $1,072.5 million, representing 11.3% growth over first quarter 2019 Net income attributable to common stockholders of $4.2 million, representing 194.6% growth over first quarter 2019 Adjusted... More