ICON Posts Q3 EPS of $1.58
ICLR has more than doubled off its 52-week low of $66.57.
Summary
ICON reported third-quarter EPS of $1.58, the first hard number from the quarter, alongside Q3 revenue of $2.02B, and its Q3 adjusted EPS and adjusted EBITDA beat analyst expectations. That follows Q2 revenue of $2.06 billion, up 1.2% year-over-year and ahead of the $2.006 billion consensus, though Q2 EPS of $0.94 came with sharply higher costs and a $32.9 million charge. The Q3 print is the key read on whether those cost pressures eased. Looking ahead, ICON sees 2026 revenue of $8.1B-$8.2B and 2026 adjusted EPS of $10.35-$10.65. The stock trades near $182.80.
At the time of this announcement, ICLR was trading at $182.80 on NASDAQ in the Life Sciences sector, with a market capitalization of approximately $14.1B. The 52-week trading range was $66.57 to $203.91. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.