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ICF: 2Q Earnings Snapshot

August 2, 2018

FAIRFAX, Va. (AP) _ ICF International Inc. (ICFI) on Thursday reported second-quarter earnings of $13.6 million.

On a per-share basis, the Fairfax, Virginia-based company said it had net income of 71 cents. Earnings, adjusted for amortization costs, were 80 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.

The consulting and technology services provider posted revenue of $324.3 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $315 million.

ICF expects full-year earnings in the range of $3.70 to $3.90 per share, with revenue in the range of $1.3 billion to $1.34 billion.

ICF shares have risen 40 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $73.55, a climb of 64 percent in the last 12 months.

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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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