PRA Health Sciences (PRAH) Tops Q3 EPS by 29c, Revenues Beat; Raises FY20 EPS/Revenue Guidance Above Consensus

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PRA Health Sciences, Inc. Reports Third Quarter 2020 Results and Updates Full Year 2020 Guidance

November 4, 2020 4:01 PM EST

Net new business of $737.9 million; representing growth of 10.2%; Net book-to-bill of 1.28 excluding reimbursement revenueNet new business of $986.0 million; Net book-to-bill of 1.35 including reimbursement revenue$796.3 million of total revenue; representing growth of 2.0% at actual foreign exchange rates and 1.3% on a constant currency basisGAAP net income per diluted share of $1.41; GAAP net income of $91.3 million Adjusted net income per diluted share was $1.30; Adjusted net income of $84.1 millionRaising full year 2020 revenue guidance to between $3.120 billion and $3.150 billion, GAAP net income per... More