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Parexel (PRXL) plummeted 18% AH after it reported FQ3 earnings below estimates and cut its...

Parexel (PRXL) plummeted 18% AH after it reported FQ3 earnings below estimates and cut its profit and revenue forecasts for fiscal 2011. EPS was +23% to $0.26 and revenue +3% to $301.4M. The pharma research firm plans to restructure in response. (PR)

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