WILMINGTON,PPD, Inc. earnings, net revenue and earnings per share soared in the third quarter.

After the markets closed Tuesday, PPD (Nasdaq: PPDI) reported net revenue of $157.3 million and income of $27.7 million compared to 2001 totals for the same quarter of $115.8 million and $16.6 million. Earnings per share climbed 50 percent to 33 cents per share.

PPD also said it was increasing its guidance for the fourth quarter, projecting earnings of 35-37 cents per diluted share, up two cents.

New business “authorizations” hit $284 million, up sharply from the $182 million for the same quarter last year.

PPD stock closed Tuesday at $23.55, up 43 cents.

PPD: www.ppdi.com