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Idexx: Q1 Earnings Snapshot

May 4, 2021 GMT

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.


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