PPD Sees 2011 EPS of $1.53 to $1.69

PPD, Inc. PPDI today reported its projected 2011 financial guidance. PPD anticipates that net revenue, excluding reimbursed out-of-pocket expenses, for the full year 2011 will be in the range of $1.48 to $1.58 billion. The company expects diluted earnings per share for the full year 2011 to be in the range of $1.53 to $1.69. The quarterly 2011 diluted earnings per share are projected to be in the following ranges: Q1 - $0.30 to $0.34; Q2 - $0.36 to $0.40; Q3 - $0.41 to $0.45; and Q4 - $0.46 to $0.50.