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PPD Drives Up Net Revenues By 26% In Second Quarter

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WILMINGTON, N.C. — Life science firm


drove up its net revenues by 26 percent to $245 million in the second quarter over the same time period in 2005, the company said Monday.

Earnings climed to 31 cents per share, or $36 million, from 18 cents a year ago. Earnings reflected stock option expenses of $4.9 million, PPD said.

Shares in PPD (Nasdaq: PPDI) closed Monday at $35.96, down 37 cents

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