Icon Q2 2024 Adj EPS $3.75 Beats $3.68 Estimate, Sales $2.12B Miss $2.14B Estimate
Portfolio Pulse from Benzinga Newsdesk
Icon (NASDAQ: ICLR) reported Q2 2024 adjusted EPS of $3.75, beating the estimate of $3.68. However, sales of $2.12 billion missed the $2.14 billion estimate. Sales increased by 4.95% year-over-year.
July 24, 2024 | 8:17 pm
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Icon (NASDAQ: ICLR) reported Q2 2024 adjusted EPS of $3.75, beating the estimate of $3.68. However, sales of $2.12 billion missed the $2.14 billion estimate. Sales increased by 4.95% year-over-year.
The mixed earnings report, with EPS beating estimates but sales missing, is likely to result in a neutral short-term impact on the stock price. The year-over-year sales increase is a positive sign, but the sales miss may offset this.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100