PAREXEL Int'l Q2 Profit Rises - Quick Facts

(RTTNews) - PAREXEL International Corp. (PRXL) Wednesday reported second-quarter profit of $28.33 million or $0.49 per share, up from $21.34 million or $0.36 per share in the same period last year.

Adjusted earnings for the quarter was $29.1 million or $0.51 per share. On average, 14 analysts polled by Thomson Reuters expected the company to earn $0.49 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $574.24 million from $483.14 million last year. Analysts expected revenues of $480.22 million.

Looking ahead to the fourth quarter, the company has forecast earnings in the range of $0.52 to $0.54 per share, with revenues in the order of $490 million to $495 million. Analysts currently expect the company to earn $0.53 per share on revenues of $488.0 million.

For the fiscal year 2014, the company currently projects earnings in the range of $1.99 to $2.09 per share, compared to its previous guidance range of $1.97 to $2.11 per share. Adjusted earnings are expected to be in the order of $1.99 to $2.09 per share, compared to its previous guidance range of $1.97 to $2.11 per share. Revenues are projected in a range of $1.920 billion to $1.930 billion, compared to its previous guidance range of $1.895 billion to $1.925 billion. Analysts currently expect the company to report full-year earnings of $2.03 per share on revenues of $1.92 billion.