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Covance Inc. (CVD) Reports Fourth Quarter Net Revenue Of $623 Million, Pro Forma Eps Of $0.87 And Adjusted Net Orders Of $769 Million


2/5/2014 6:25:52 AM

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PRINCETON, N.J., Feb. 4, 2014 /PRNewswire/ -- Covance Inc. (NYSE: CVD) today reported results for its fourth quarter and year ended December 31, 2013. Net revenue in the fourth quarter was $623.1 million, representing 10.8% growth from the fourth quarter of 2012's GAAP result of $562.2 million, and 11.1% growth from the fourth quarter of 2012's pro forma result of $560.7 million. On a GAAP basis, the company reported earnings of $0.80 per diluted share in the fourth quarter of 2013 as compared to GAAP earnings of $0.61 in the fourth quarter of 2012.

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