Quintiles, whose founder and chairman offered earlier this week to buy out and take private, beat analysts’ estimates by earning 18 cents per share in the third quarter.

Net earnings were four cents per share on $396.9 million in revenues and net income of $21.2 million. Cash flow of $77 million was a record for the company, said its chief financial officer in a statement.

Quintiles (Nasdaq: QTRN) shares closed down 19 cents at $9.69 Wednesday.

Dennis Gillings, the chairman of Quintiles, offered $11.25 per share on Monday to acquire the company’s outstanding shares.

Quintiles: www.quintiles.com