ICON plc (ICLR) drop 50% in Value is this justified!!!!!!!

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Biotech / Medical
ICON plc (ICLR) drop 50% in Value is this justified!!!!!!!

An SI Board Since March 1999

Posts	SubjectMarks	Bans
16	0	0

Emcee: timroy	Type: Unmoderated

Introduction Compact

ICON plc is a contract research organization (CRO) which provides clinical research and development services on a global basis to the pharmaceutical and biotechnology industries. For the six months ended 11/98, revenues rose 46% to $43.9 million. Net income rose from $1.6 million to $3.8 million. Revenues reflect increases in revenues from existing clients and an expanded customer base. Net income reflects improved staff utilization. They just reported earnings today.

Icon sees fiscal 1999 EPS up but below
estimates

NEW YORK, March 30 (Reuters) - Irish clinical research
company Icon Plc (Nasdaq:ICLR - news) said on Tuesday it
expects earnings per share for fiscal 1999 to rise more than 30
percent, rather than the more than 40 percent expected by
analysts, due to an undisclosed client downsizing a large project.

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Reply	Message Preview	From	Recs	Posted
16	Dublin view!! Icon: Icon released uninspiring Q2 results yesterday which were	Charles Broderick	-	1/13/2000
15	Cut to hold by Barings, now foecast today to announce 13cents tomorrow down fur	Charles Broderick	-	9/27/1999
14	I agree it's a panic move, but be cautious. Look at 1-year chart of one of	Helge Collins	-	4/9/1999
13	I'm glad I sold 1/2 my position @ 14 and change, guess everyone took profit	John Ritter	-	4/6/1999
12	Someone going on in Ireland, IONAY, another Dublin Company tanks 52% today. Am	John Ritter	-	4/1/1999
11	So far 10% A DAY!	John Ritter	-	3/31/1999
10	I picked up a 100 at 13-1/8 myself yesterday. I agree that this was a panic mo	Barry Moss	-	3/31/1999
9	Seems a clear winner, wish I had bought more today.	John Ritter	-	3/31/1999
8	30% growth rate, earnings beat estimates? The company loses an order and says	Sean	-	3/30/1999
7	From Wednesday's Irish Times.. Profit warning sparks collapse in ICON sha	Ken Forde	-	3/30/1999
6	DUBLIN, Ireland (CBS.MW) -- ICON lost over half its value Tuesday after the cl	timroy	-	3/30/1999
5	This should be good for a bounce. PGNS has had a good bounce lately. Bought at	timroy	-	3/30/1999
4	This appears to have been a 'non brainer'. Somebody sure dumped today.	John Ritter	-	3/30/1999
3	Looks like ICLR was upgraded after the debacle today by Dain Rauscher. May spur	Dave Twibell	-	3/30/1999
2	Seemed a good buy at 12 today, probably not well followed and is an Irish compa	John Ritter	-	3/30/1999
1	US corporate earnings surprise by Zacks - Mar 30 NEW YORK, March 30 (Reuters)	timroy	-	3/30/1999

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