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Icon PLC: 3Q Earnings Snapshot

October 23, 2019 GMT

DUBLIN (AP) _ Icon PLC (ICLR) on Wednesday reported third-quarter net income of $94.8 million.

The Dublin-based company said it had profit of $1.72 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.73 per share.

The contract research organization posted revenue of $710.4 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $708.2 million.

Icon PLC expects full-year earnings in the range of $6.81 to $6.95 per share, with revenue in the range of $2.79 billion to $2.83 billion.

Icon PLC shares have increased slightly more than 8% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $139.95, a drop of 1% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ICLR at https://www.zacks.com/ap/ICLR