BOSTON, June 25, 2013 /PRNewswire/ -- Today, in conjunction with its Investor Day being held tomorrow in Boston, PAREXEL International Corporation (Nasdaq: PRXL) announced forward-looking earnings expectations for the fourth quarter of Fiscal Year 2013 (ending June 30, 2013), for Fiscal Year 2013, and for Fiscal Year 2014.
The Company reconfirmed its guidance for the fourth quarter of Fiscal Year 2013 and for all of Fiscal Year 2013, as issued in a press release dated April 30, 2013. To reiterate, for the fourth quarter of Fiscal Year 2013, the Company anticipates reporting consolidated service revenue in the range of $449.0 - $459.0 million, and diluted earnings per share as reported under Generally Accepted Accounting Principles (GAAP) of $0.40 to $0.44. For Fiscal Year 2013 (ending June 30, 2013), the Company continues to expect consolidated service revenue to be in the range of $1.720 - $1.730 billion, GAAP earnings per diluted share to be $1.51 to $1.55, and adjusted earnings per diluted share to be in the range of $1.60 to $1.64. Adjusted diluted EPS guidance issued today for Fiscal Year 2013 excludes the impact of certain items that were recorded in the first, second, and third quarters of Fiscal Year 2013, as previously described in the April 30th press release.
The Company is providing guidance estimates for Fiscal Year 2014 for the first time, and anticipates reporting consolidated service revenue in the range of $1.885 to $1.915 billion, and GAAP earnings per diluted share of $1.90 to $2.10.Those who wish to listen to the Company's Investor Day presentations and to view the accompanying slides should log onto the Company's website at www.PAREXEL.com and click on the PAREXEL International 2013 Investor Day link under the "Upcoming Events" section of the Investors homepage at least 15 minutes prior to the event's broadcast which will start at 8:30 a.m. ET. Users should follow the instructions provided to assure that the necessary audio applications are downloaded and installed. In addition, an archived version of the event's presentations will be located in the Investor Relations section of PAREXEL's website.