Kendle Posts First Sequential Rev. Growth In Over Two Years, Jefferies & Company Reports

Kendle International KNDL posted its first sequential revenue growth in over two years, Jefferies & Company reports. Net new wins also improved to $121MM, the highest level since 4Q08. “Kendle reported EPS of $0.10 on $83.2MM in revenue,” Jefferies & Company writes. “This was above our $0.02 on $81.0MM and consensus of $0.02 on $81.5MM. EPS benefited by $0.03 from a lower than expected tax rate.” Kendle International currently trades at $9.51.