ppdi: +7 to $41@high, close @38

Drug company Pharmaceutical Product Development Inc. said on Monday its first-quarter profit increased 27 percent, driven by a nearly 23-percent rise in sales.
Income for the quarter was $41.8 million, or 35 cents per share, up from $32.9 million, or 29 cents per share, a year ago. Revenue for the quarter increased to $299.4 million, up from $244.1 million last year.

Analysts polled by Thomson Financial expected the company to earn, on average, 35 cents per share on $274.8 million in revenue.