ICON PLC (ICLR) News & EventsICLRICON PLC

S&P 500 and Nasdaq Hit New Highs Led by Tech Stocks

The S&P 500 and Nasdaq Composite registered another session of gains that was led by the rebound in Technology and pro-AI buildout names as strong performance among semiconductors and computer hardware stocks continued.  In turn, Enterprise Software group was unable to sustain its resilient performance, with names like Salesforce, Adobe, and Intuitrolling over by 3%-4% on the day.  Outside of Technology energy was the worst-performing sector on the S&P 500 as WTI Crude Oil slipped back toward $100 per barrel.In the opening hours of the evening session S&P e-Minis are up 0.1% and the Nasdaq 100 contract is up 0.2% despite the post-earnings selling in the stocks of Seagateand Logitech.   Tomorrow the Fed begins its deliberations on a policy decision later in the week, with futures markets now pricing in a 93% chance of a rate hold.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -ICON Public Limited Companyup 9.9%Ultra Clean Holdings, Inc.up 9.8%PPG Industries, Inc.up 7.6%Crane Companyup 1.9%Rogers Corporationup 1.4%DOWN AFTER EARNINGS -Intappdown 16.7%CoStar Groupdown 8.0%Robinhood Marketsdown 7.3%NXP Semiconductors N.V.down 7.3%Logitech International S.A.down 5.2%Seagate Technologydown 5.1%Cheesecake Factorydown 3.3%F5, Inc.down 1.8%Visadown 1.1%

ICON Reports Q3 Revenue of $2.02B, Beating Expectations

Reports Q3 revenue $2.02B, consensus $2.01B. Barry Balfe, CEO, stated: "I am pleased with ICON's third quarter results, which demonstrated continued financial, operational, and commercial execution. Adjusted EBITDA grew 3% sequentially, reflecting improved business mix and strong cost discipline, while sustained commercial excellence supported another quarter of exceptional bookings performance. I am particularly pleased that our AI-enabled digital platform continues to resonate with customers, many of whom choose ICON because of its impact on productivity, predictability and speed. We remained focused on disciplined capital allocation, returning $400 million to shareholders through share repurchases in the third quarter, while continuing to invest in the capabilities that are driving future growth. Our updated full-year financial guidance reflects sustained operational progress and higher pass-through activity. Together, strong commercial performance, disciplined execution and ongoing strategic investments reinforce our confidence in delivering revenue growth, significant earnings progression, and shareholder value creation in 2027 and beyond."

Raises FY26 Revenue View to $8.1B-$8.2B

Raises FY26 revenue view to $8.1B-$8.2B from $7.85B-$8.15B, consensus $8.14B.