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ICF: 3Q Earnings Snapshot

·1 min read

FAIRFAX, Va. (AP) _ ICF International Inc. (ICFI) on Thursday reported third-quarter profit of $17.9 million.

On a per-share basis, the Fairfax, Virginia-based company said it had net income of 94 cents. Earnings, adjusted for one-time gains and costs, came to $1.10 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.

The consulting and technology services provider posted revenue of $360.3 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $361.8 million.

ICF expects full-year earnings in the range of $3.90 to $4.05 per share, with revenue in the range of $1.46 billion to $1.5 billion.

ICF shares have decreased 24% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $69.72, a decline of 19% in the last 12 months.

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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 ICFI at https://www.zacks.com/ap/ICFI