IDEXX Labs (IDXX) Tops Q1 EPS by 4c; Boosts FY16 EPS Outlook

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Go back to IDEXX Labs (IDXX) Tops Q1 EPS by 4c; Boosts FY16 EPS Outlook

IDEXX Laboratories Announces First Quarter Results

April 29, 2016 7:00 AM EDT

WESTBROOK, Maine, April 29, 2016 /PRNewswire/ -- IDEXX Laboratories, Inc. (NASDAQ: IDXX) today reported revenues for the first quarter of 2016 of $418 million, an increase of 9% compared to the prior year period. Organic revenue growth for the quarter was 11%, supported by strong growth in the Companion Animal Group ("CAG") and Water segments.

Earnings per diluted share ("EPS") for the quarter was $0.51, an increase of 4% compared to the prior year period, while absorbing a negative $0.05 per share impact related to net changes in foreign exchange, resulting in constant currency EPS growth of 14%. The... More