PDI at hold by Jefferies

Jefferies & Co., Inc. analyst David Windley rated PDI, Inc. at hold as the company's second-quarter revenues fell $6 million below the analyst's estimate. There is nothing much left for PDI to cut except the bone, according to the analyst. The company reported second-quarter earnings per share of $0.05 on $55 million in revenues, compared to Jefferies' estimate of $0.10 on $61.2 million and consensus of $0.12 on $63.3 million. Shares of the Saddle River, N.J.-based outsourced sales and marketing company were down $1.23, or 8.47%, at $13.29, on volume of 300,919 shares versus the three-month running average of 64,461 shares. (Nasdaq: PDII)

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