IDEXX Labs (IDXX) Tops Q3 EPS by 1c

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Go back to IDEXX Labs (IDXX) Tops Q3 EPS by 1c

IDEXX Laboratories Announces Third Quarter Results

October 28, 2015 6:30 AM EDT

WESTBROOK, Maine, Oct. 28, 2015 /PRNewswire/ -- IDEXX Laboratories, Inc. (NASDAQ: IDXX) today reported revenues for the third quarter of 2015 of $406 million, an increase of 6% compared to the prior year period. Impacts from the strengthening of the US dollar reduced reported revenue growth by 6%. Normalized organic revenue growth1,2 for the quarter was 12%, supported by strong growth in the Companion Animal Group ("CAG") segment, including over 11% normalized organic growth in CAG Diagnostics recurring revenues. Earnings per diluted share ("EPS") for the quarter was $0.48. During the third quarter we recognized an $8 million non-cash impairment charge... More