ICON Plc Q3 Profit Rises - Quick Facts

(RTTNews) - ICON plc (ICLR), a global provider of outsourced development services to the pharmaceutical, biotechnology and medical device industries, reported that its third-quarter net income increased to $27.8 million or $0.45 per share, from $17.7 million or $0.29 per share, last year.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.41 for the quarter. Analysts' estimates typically exclude special items.

Net revenues grew 19% year on year to $339.8 million from $285.5 million prior year. Analysts expected revenue of $332.58 million for the quarter.

The company has updated its guidance for the full year 2013 with revenue in the range of $1.325 billion-$1.33 billion and earnings per share in the range of $1.67-$1.70. Analysts expect the company to report profit per share of $1.63 on revenue of $1.32 billion.