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Covance Inc. (CVD) Reports Third Quarter Pro Forma Net Revenue of $542 Million, Pro Forma EPS Of $0.72 and Adjusted Net Orders of $701 Million


11/6/2012 9:33:32 AM

PRINCETON, N.J., Nov. 5, 2012 /PRNewswire via COMTEX/ -- Covance Inc. CVD +5.53% today reported results for its third quarter ended September 30, 2012. On a GAAP basis, net revenue was $545 million. Excluding revenue from facilities in wind-down, pro forma net revenue was $542 million. On a GAAP basis, the company reported earnings of $0.69 per diluted share in the third quarter. Excluding losses from facilities in wind-down, restructuring costs and other charges and favorable income tax developments during the quarter, the company reported earnings per diluted share of $0.72.

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