IDEXX Laboratories Announces Third Quarter Results

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Go back to IDEXX Laboratories Announces Third Quarter Results

IDEXX Labs (IDXX) Tops Q3 EPS by 8c; Raises FY18 EPS Outlook, Maintains FY18 Revenue Guidance, Offers Prelim. FY19 EPS/Revenue Views

November 1, 2018 6:41 AM EDT

(Updated - November 1, 2018 6:56 AM EDT)

(Update corrects consensus revenue figure)

IDEXX Labs (NASDAQ: IDXX) reported Q3 EPS of $1.05, $0.08 better than the analyst estimate of $0.97. Revenue for the quarter came in at $545.45 million versus the consensus estimate of $545.49 million.

Reports revenue growth of 11% on a reported basis and 12% on an organic basis, driven by CAG Diagnostics recurring revenue growth of 12% reported and 13% organicDelivers EPS of $1.05, a 33% increase year-over-year on a reported basis or 39% on a comparable constant currency basisRefines 2018 reported revenue guidance to $2,205 billion - $2,215... More