PAREXEL International Sees Fy 2013 Revenue $1.625-2.655B vs $1.63B; GAAP EPS $1.3-1.47.
Today, in conjunction with its Investor Day being held tomorrow in New York City, PAREXEL International Corporation (Nasdaq: PRXL) announced forward-looking earnings expectations for the fourth quarter of Fiscal Year 2012 (ending June 30, 2012), for Fiscal Year 2012, and for Fiscal Year 2013.
The Company reconfirmed its guidance for the fourth quarter of Fiscal Year 2012 and for all of Fiscal Year 2012, as issued in a press release dated April 30, 2012. To reiterate, for the fourth quarter of Fiscal Year 2012, the Company anticipates reporting consolidated service revenue in the range of $376.0 to $381.0 million, and diluted earnings per share as reported under Generally Accepted Accounting Principles (GAAP) of $0.28 to $0.30. For Fiscal Year 2012 (ending June 30, 2012), the Company continues to expect consolidated service revenue to be in the range of $1.380 to $1.385 billion, GAAP earnings per diluted share to be $1.03 to $1.05, and adjusted earnings per diluted share to be in the range of $1.04 to $1.06. Adjusted numbers exclude the impact of restructuring-related charges and certain Q3 FY12 tax benefits, as previously described in the April 30th press release.
The Company is providing guidance estimates for Fiscal Year 2013 for the first time, and anticipates reporting consolidated service revenue in the range of $1.625 to $1.655 billion, and GAAP earnings per diluted share of $1.31 to $1.47.
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