Covance 2Q

2Q Revenues: $500.7 million (+2%)

2Q Earnings: $31.7 million (-26%)

YTD Revenues: $1.0 billion (+5%)

YTD Earnings: $70.8 million (-15%)

Comments: Late-Stage Development revenues in the quarter were flat at $267.0 million. Early Development revenues were $208.2 million (+4%). Backlog at June 30, 2010 grew 4% to $4.8 billion but was negatively impacted by Foreign exchange by $31 million.

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