WILMINGTON,Revenues at PPD, Inc. climbed 14 percent in the third quarter to $179.5 million compared to 2002, the company reported Wednesday.

PPD (Nasdaq: PPDI) said earnings per share were 44 cents, 11 cents higher than one year ago. Revenue was $157.3 million for the same quarter in 2002.

The company also said it received $288.2 million in business authorizations for the quarter, a record for the firm. However, it did lower revenue guidance to $665-670 million from $690-700 million due to new business authorizations not meeting plan in two quarters this year.