PPD Reports Third Quarter and Year to Date 2020 Results
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PPD, Inc. (PPD) Misses Q3 EPS by 2c, Revenues Beat; Offers 4Q & FY20 Revenue Guidance Above Consensus
October 27, 2020 4:39 PM EDTPPD, Inc. (NASDAQ: PPD) reported Q3 EPS of $0.30, $0.02 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $1.23 billion versus the consensus estimate of $1.12 billion.
Highlights
Net authorizations of $1,200.3 million, representing 33.3% growth over third quarter 2019 and resulting in a net book-to-bill ratio of 1.35x on a historical basisEnding backlog of $7,890.4 million, representing 15.9% growth over third quarter 2019 on a historical basisRevenue of $1,233.8 million, representing growth... More