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Covance Reports Second Quarter Revenue of $475M and EPS of $0.49; Updates Full-Year Financial Targets(6)
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  Income from operations                      42,510          59,997
  Other (income) expense, net:
    Interest (income) expense, net                (77)            160
    Foreign exchange transaction loss, net        761          1,241
    Gain on sale of business                        -            (655)
          Other expense, net                      684            746  (a)
                                                  ---            ---
  Income before taxes and equity investee
  earnings                                    41,826          59,251  (a)
  Taxes on income                              10,415          16,051  (a)
  Equity investee earnings (loss)                254            (210)
  Net income                                  $31,665        $42,990  (a)
                                              =======        =======
  Basic earnings per share                      $0.50          $0.67  (a)
  Weighted average shares outstanding -
  basic                                  63,620,300      63,823,792
  Diluted earnings per share                    $0.49          $0.67  (a)
  Weighted average shares outstanding -
  diluted                                65,027,452      64,193,664



                                              Six Months Ended June 30
                                              ------------------------

 

 

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