Idexx: 2Q Earnings Snapshot
Aug. 01, 2018
WESTBROOK, Maine (AP) _ Idexx Laboratories Inc. (IDXX) on Wednesday reported second-quarter earnings of $108.7 million.
The Westbrook, Maine-based company said it had profit of $1.23 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.
The Animal diagnostic and health care company posted revenue of $580.8 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $574.9 million.
Idexx expects full-year earnings to be $4.10 to $4.20 per share, with revenue in the range of $2.21 billion to $2.23 billion.
Idexx shares have increased 57 percent since the beginning of the year. The stock has increased 47 percent in the last 12 months.