Covance
2Q Revenues: $335 million (+14%)
2Q Earnings: $35 million (+32%)
YTD Revenues: $656 million (+14%)
YTD Earnings: $68 million (+32%)
Comments: The company achieved record net orders of $555 million in the quarter, driving its backlog up 31% to nearly $2 billion. Early development revenues for the quarter grew 11% to $156 million and operating income increased 16% to $39 million in the quarter. Late-stage development revenues were up 16% to $179.5 million and operating income increased 6% to $28.5 million.
Magazine
