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ICON Q1 Profit Declines - Quick Facts

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4/24/2012 7:44 AM ET

ICON Plc (ICLR: Quote) posted first-quarter net income of $9 million or $0.15 per share, lower than last year's $12.8 million or $0.21 per share.

Quarterly revenues grew 10% to $252.3 million from $229.3 million in the prior year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.15 per share on revenues of $256.04 million for the quarter. Analysts' estimates typically exclude special items.

Chief executive officer, Ciaran Murray, stated, "We continue to see the benefits of our strategic investment decisions, with record gross business wins of $485 million, resulting in a backlog increase of 23% year on year, revenue of $252 million up 10% on last year and earnings of 15 cents."

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by RTT Staff Writer

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