ICON Q3 Adjusted EPS Increases, Revenue Falls; 2024 Outlook Lowered

MT Newswires Live

Oct 24, 2024

ICON (ICLR) reported Q3 adjusted earnings Wednesday of $3.35 per diluted share, up from $3.30 a year earlier.

Analysts polled by Capital IQ expected $3.85.

Revenue for the quarter ended Sept. 30 was $2.03 billion, down from $2.06 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.13 billion.

The company said it now expects full-year 2024 adjusted EPS between $13.90 and $14.10 and revenue between $8.26 billion and $8.30 billion.

The previous guidance was of adjusted EPS between $15.00 and $15.20 and revenue between $8.45 billion and $8.55 billion.

Analysts polled by Capital IQ expect normalized EPS of $15.06 on revenue of $8.51 billion.

The company's shares were falling past 15% in after-hours trading.

Price: 237.88, Change: -42.88, Percent Change: -15.27

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2024 Outlook Lowered","media":"MT Newswires Live","content":"<html><body><p> ICON (ICLR) reported Q3 adjusted earnings Wednesday of $3.35 per diluted share, up from $3.30 a year earlier.</p><p>Analysts polled by Capital IQ expected $3.85.</p><p>Revenue for the quarter ended Sept. 30 was $2.03 billion, down from $2.06 billion a year earlier.</p><p>Analysts surveyed by Capital IQ expected $2.13 billion.</p><p>The company said it now expects full-year 2024 adjusted EPS between $13.90 and $14.10 and revenue between $8.26 billion and $8.30 billion.</p><p>The previous guidance was of adjusted EPS between $15.00 and $15.20 and revenue between $8.45 billion and $8.55 billion.</p><p>Analysts polled by Capital IQ expect normalized EPS of $15.06 on revenue of $8.51 billion.</p><p>The company's shares were falling past 15% in after-hours trading.</p><p>Price: 237.88, Change: -42.88, Percent Change: -15.27</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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