Icon raises FY24 EPS view to $15.00-$15.20, consensus $15.06

Cuts FY24 revenue view to $8.45B-$8.55B, consensus $8.64B. Prior FY24 EPS view was $14.65-$15.15 and revenue was $8.48B-$8.72B. The company states: “We are updating our full-year financial revenue guidance range for 2024 to account for the impact of the strengthening US dollar, as well as delayed trial starts related to next-generation COVID vaccine work. We now expect full year revenue to be in the range of $8,450 – $8,550 million, representing growth of circa 5% year over year at the midpoint of the range. We continue to drive better than expected margin performance through efficient delivery of our services and further leveraging our global business services model, and thus are increasing our full year adjusted earnings per share guidance to $15.00 – $15.20, representing high-teens growth on a year over year basis.”