ICF: 4Q Earnings Snapshot

FAIRFAX, Va. (AP) _ ICF International Inc. (ICFI) on Thursday reported fourth-quarter net income of $12.8 million.

The Fairfax, Virginia-based company said it had profit of 67 cents per share. Earnings, adjusted for non-recurring costs, came to $1.36 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.

The consulting and technology services provider posted revenue of $434.3 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $398.6 million.

For the year, the company reported profit of $55 million, or $2.87 per share. Revenue was reported as $1.51 billion.

ICF expects full-year earnings in the range of $4.35 to $4.65 per share, with revenue in the range of $1.53 billion to $1.58 billion.

ICF shares have increased 14% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $85.09, a climb of slightly more than 5% 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

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