IDEXX Laboratories Announces Second Quarter Results

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Go back to IDEXX Laboratories Announces Second Quarter Results

IDEXX Labs (IDXX) Tops Q2 EPS by 6c, Revenues Beat; Boosts FY18 EPS Outlook

August 1, 2018 6:35 AM EDT

IDEXX Labs (NASDAQ: IDXX) reported Q2 EPS of $1.23, $0.06 better than the analyst estimate of $1.17. Revenue for the quarter came in at $580.75 million versus the consensus estimate of $574.55 million.

Reports revenue growth of 14% on a reported basis and 12% on an organic basis, driven by CAG Diagnostics recurring revenue growth of 15% reported and 13% organicAchieves 3,241 premium instrument placements, representing 21% year-over-year growthDelivers EPS of $1.23, a 29% increase year-over-year on a reported basis or 33% on a comparable constant currency basisAdjusts 2018 revenue guidance to $2,205 million $2,230 million, reflecting reported growth of... More