ICON Shares Plunge After Launching Accounting Probe

ICON Plc shares plunged after the health care services contractor said it may have overstated some of its past revenue and pulled its guidance for the year.

Preliminary findings of a probe initiated last year found that 2023 and 2024 revenue may have been overstated by “less than 2%” for each fiscal year, according to a Thursday statement from the US-listed ICON.