Kendle Announces Second Quarter Results

Kendle KNDL today reported net income of $1.9 million or $0.12 per diluted share for the second quarter of 2010 compared with net income of $3.2 million or $0.21 per diluted share for the second quarter of 2009. Net service revenues for the quarter ended June 30, 2010, totaled $82.4 million compared with $107.4 million for the same period a year ago. The top five customers based on net service revenues accounted for 24.8 percent of total revenues versus 27.9 percent in the second quarter of 2009.