RESTON, Va. (AP) 鈥� RESTON, Va. (AP) 鈥� ICF International Inc. (ICFI) on Thursday reported first-quarter net income of $20.5 million.
The Reston, Virginia-based company said it had profit of $1.12 per share. Earnings, adjusted for one-time gains and costs, came to $1.50 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.55 per share.
The consulting and technology services provider posted revenue of $437.5 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $449.8 million.
ICF expects full-year earnings in the range of $6.95 to $7.25 per share, with revenue in the range of $1.89 billion to $1.96 billion.
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