Icon’s Solid Third-Quarter Growth Meets Our Expectations and Diversifies Client Base
Icon posted solid third-quarter growth with 6.4% year-over-year sales growth, which fell in line with our expectations. We plan on maintaining our $82 per share fair value estimate, as we do not anticipate any significant changes to our full-year assumptions. Most promising, Icon saw strong double-digit revenue growth in its non-Pfizer business compared with the same period last year. CEO Ciaran Murray announced he will make the transition to chairman, and current COO Steve Cutler, who is well-v...Icon is engaged in providing outsourced development services to the pharmaceutical, biotechnology and medical device industries. Co. specializes in the strategic development, management and analysis of programs that support clinical development from compound selection to Phase I-IV clinical studies. Co.'s services, which are integral elements of the clinical development process, include clinical trials management, biometric activities, consulting, imaging, contract staffing, informatics and laboratory services. Co. in engaged in conducting clinical trials in most therapeutic areas on a global basis and has the operational flexibility to provide development services on a stand-alone basis.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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