ICON PLC (ICLR) Releases Earnings Results, Beats Expectations By $0.01 EPS

ICON PLC (ICLR) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $1.12 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $1.11. The company posted revenue of $400.50 million in the period, compared to analysts expectations of $414.80 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS.

ICON PLC opened for trading at $71.27 and hit $74.66 on the upside on Friday, eventually ending the session at $74.41, with a gain of 0.96% or 0.71 points. The heightened volatility saw the trading volume jump to 3,92,180 shares. Company has a market cap of $4,089 M.

ICON public limited company (ICON) is an Ireland-based contract research organization (CRO) providing outsourced development services to the pharmaceutical biotechnology and medical device industries. The Company is engaged in the strategic development management and analysis of programs that support the various stages of the clinical development process from compound selection to Phase I-IV clinical studies. ICON’s services include clinical trials management biometric activities consulting imaging contract staffing informatics and laboratory services. ICON also conducts various laboratory tests on the patient’s blood urine and other bodily fluids at appropriate intervals during the trial. The Company’s information systems offerings include ICONIK Firecrest iDOC iLearn ADDPLAN AptivAdvantage and AptivInsite. ICON through its subsidiaries also provides payer-validated market access solutions and clinical trial consulting and regulatory support.


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