Shares of ICON PLC (ICLR) surged 13.18% in after-hours trading on Wednesday, following the release of its second-quarter 2025 financial results that surpassed analyst expectations. The clinical research organization demonstrated resilience in a challenging market, with better-than-anticipated earnings and revenue figures, coupled with an optimistic outlook for the full year.
ICON reported adjusted earnings of $3.26 per share for the quarter, beating the analyst consensus estimate of $3.20. While this represents a decrease from $3.75 per share in the same quarter last year, it showcases the company's ability to maintain profitability above market expectations. Quarterly revenue came in at $2.02 billion, exceeding analyst estimates of $1.98 billion, despite a 4.8% year-over-year decrease.
The company's performance was further highlighted by impressive gross business wins of $2,966 million, up 10.6% from the previous quarter, and a book-to-bill ratio of 1.02. In a move that bolstered investor confidence, ICON raised its full-year guidance, now expecting revenue between $7,850 million and $8,150 million, and adjusted diluted earnings per share between $13.00 and $14.00. This optimistic outlook, combined with the earnings beat, appears to have fueled the significant after-hours stock price increase, reflecting renewed investor enthusiasm in ICON's growth prospects and financial health.
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