logo
Share SHARE
FONT-SIZE Plus   Neg

ICON Q1 Profit Declines - Quick Facts

ICON Plc (ICLR) 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."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Target Corp. said it now plans to remodel more of its existing supercenters and open smaller stores in cities, aiming to win back shoppers in the highly competitive retail world. By the end of 2020, the company plans to remodel more than 1,000 of its 1,800 existing stores. Senate Republicans appear poised to approve a budget resolution that will serve as the legislative vehicle for their tax reform plan. The non-binding budget resolution unlocks the reconciliation process, allowing Republicans to pass their tax reform plan with a simple 51-vote majority in the Senate. President Donald Trump intends to nominate antitrust attorney Joseph Simons as chairman of the Federal Trade Commission, the White House announced on Thursday. Simons, who served as an FTC official under President George W. Bush, is currently a partner and co-chair of the antitrust group at law firm Paul Weiss.
comments powered by Disqus
Follow RTT