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Idex: 2Q Earnings Snapshot

July 25, 2019

LAKE FOREST, Ill. (AP) _ IDEX Corp. (IEX) on Thursday reported second-quarter net income of $113.2 million.

On a per-share basis, the Lake Forest, Illinois-based company said it had profit of $1.48. Earnings, adjusted for restructuring costs, were $1.50 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.49 per share.

The maker of the Jaws of Life device and other engineered products posted revenue of $642.1 million in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $657.5 million.

Idex shares have increased 31% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $165.09, a rise of 11% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IEX at https://www.zacks.com/ap/IEX

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