Icon Q1 Adjusted Earnings, Revenue Fall

MT Newswires Live
05-01

Icon (ICLR) reported Q1 adjusted earnings late Wednesday of $3.19 per diluted share, down from $3.47 a year earlier.

Analysts polled by FactSet expected $3.10.

Revenue for the quarter ended March 31 was $2 billion, down from $2.09 billion a year earlier.

Analysts surveyed by FactSet expected $2.01 billion.

The company adjusted its full-year adjusted EPS guidance to $12.75 to $14.25 from $13.00 to $15.00 on revised revenue of $7.75 billion to $8.15 billion from $8.05 billion to $8.65 billion previously.

Analysts expect EPS of $13.61 on revenue of $8.23 billion.

Shares of Icon were down 5.2% in after-hours trading.

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