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ICF misses Street 4Q forecasts

FAIRFAX, Va. (AP) _ ICF International Inc. (ICFI) on Monday reported fourth-quarter profit of $12.7 million.

The Fairfax, Virginia-based company said it had profit of 65 cents per share. Earnings, adjusted for one-time gains and costs, came to 76 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.

The consulting and technology services provider posted revenue of $289.6 million in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $296.6 million.

For the year, the company reported profit of $46.6 million, or $2.40 per share. Revenue was reported as $1.19 billion.

ICF expects full-year earnings to be $2.50 to $2.75 per share, with revenue in the range of $1.2 billion to $1.24 billion.

ICF shares have fallen 7 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $51.35, a rise of 56 percent in the last 12 months.


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


Keywords: ICF International, Earnings Report