Local News

PPD Drives Up Net Revenues By 26% In Second Quarter

Posted July 18, 2006 6:14 a.m. EDT

— Life science firm

PPD

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