DUBLIN 18, Ireland (AP) — Icon PLC (ICLR) on Wednesday reported fourth-quarter profit of $149.2 million.
On a per-share basis, the Dublin 18, Ireland-based company said it had profit of $1.93. Earnings, adjusted for one-time gains and costs, came to $2.52 per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.30 per share.
The contract research organization posted revenue of $2.11 billion in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $2 billion.
For the year, the company reported profit of $229.3 million, or $2.90 per share. Revenue was reported as $8.25 billion.
Icon PLC expects full-year earnings in the range of $10 to $11 per share, with revenue in the range of $7.85 billion to $8.15 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ICLR at https://www.zacks.com/ap/ICLR
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