Idexx: Q1 Earnings Snapshot
WESTBROOK, Maine (AP) _ Idexx Laboratories Inc. (IDXX) on Tuesday reported first-quarter profit of $204.3 million.
On a per-share basis, the Westbrook, Maine-based company said it had net income of $2.35.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.72 per share.
The Animal diagnostic and health care company posted revenue of $777.7 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $734.6 million.
Idexx expects full-year earnings to be $7.88 to $8.18 per share, with revenue in the range of $3.11 billion to $3.16 billion.
Idexx shares have increased 10% since the beginning of the year. The stock has more than doubled in the last 12 months.