Published on 31 May 2024 on Zacks via Yahoo Finance
Icon PLC ICLR shares soared 4.3% in the last trading session to close at $322.92. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2.6% gain over the past four weeks.
ICON scored a strong price rise, driven by optimism surrounding the company’s recent 2024 Investor Day presentation held in New York City. In addition, the company updated its full year financial outlook to incorporate the positive impact of recent debt refinancing. The adjusted earnings per share for 2024 is revised to $14.75-$15.25 from the previous range of $14.65-$15.15. This represents a 15.3%-19.2% improvement from the 2023 comparable figure.