DUBLIN (AP) _ Icon PLC (ICLR) on Wednesday reported second-quarter profit of $47.8 million.
The Dublin-based company said it had net income of 90 cents per share. Earnings, adjusted for non-recurring costs, came to $1.20 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.
The contract research organization posted revenue of $620.2 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $594.3 million.
Icon PLC expects full-year earnings to be $6 to $6.50 per share, with revenue in the range of $2.65 billion to $2.75 billion.
Icon PLC shares have increased 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $196.10, an increase of 28% in the last 12 months.