PPD Reports Second Quarter and Year to Date 2020 Results
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PPD, Inc. (PPD) Tops Q2 EPS by 3c, Revenues Beat; Offers 3Q Revenue Guidance Above Consensus
August 4, 2020 4:35 PM EDTPPD, Inc. (NASDAQ: PPD) reported Q2 EPS of $0.25, $0.03 better than the analyst estimate of $0.22. Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $925.6 million.
Highlights
Net authorizations of $1,052.2 million, representing 12.4% growth over second quarter 2019 and resulting in a net book-to-bill ratio of 1.34x on a historical basisEnding backlog of $7,581.3 million, representing 13.3% growth over second quarter 2019 on a historical basisRevenue of $1,010.9 million, representing growth of 1.4% over second quarter 2019Net loss attributable to common stockholders of... More