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8.21247310414311E-05 -0.00704630192336133 -0.00977284299393927 -0.0147496016950545 -0.0142404283625972 -0.0142404283625972 -0.0142404283625972 -0.0142404283625972
Stock impact report

ICON (ICLR) Q1 Earnings Surpass Estimates, Margins Expand [Yahoo! Finance]

ICON plc - Ordinary Shares (ICLR) 
Last icon plc - ordinary shares earnings: 4/22 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.iconplc.com
Company Research Source: Yahoo! Finance
The metric surpassed the Zacks Consensus Estimate by 0.9%. Revenues Total revenues in the first quarter rose 5.7% year over year to $2.09 billion. The metric surpassed the Zacks Consensus Estimate by 0.08%. Gross business wins in the first quarter were $3.11 billion and cancellations were $460 million. This resulted in net business wins of $2.65 billion and a book-to-bill of 1.27. Margins The gross profit in the first quarter increased 6.2% year over year to $6.19 billion. The gross margin expanded 15-basis points (bps) year over year to 29.6%. During the quarter, Selling, general and administrative expenses fell 11.3%. The adjusted operating income in the quarter under review was $4.42 billion, increasing 15.3%. The adjusted operating margin expanded 177 bps to 21.1%. Cash Position ICON exited first-quarter 2024 with cash and cash equivalents of $396.1 million compared with $378.1 million at the end of fourth-quarter 2023. The company ended the first quarter with no Show less Read more
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