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Idex: Q1 Earnings Snapshot
Idex: Q1 Earnings
About this update from Idex Corporation
NORTHBROOK, Ill. (AP) — NORTHBROOK, Ill. (AP) — IDEX Corp. (IEX) on Wednesday reported first-quarter net income of $120 million. The Northbrook, Illinois-based company said it had profit of $1.61 per share. Earnings, adjusted for non-recurring costs, were $2 per share. The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.78 per share. The maker of the Jaws of Life device and other engineered products posted revenue of $886.9 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $835.2 million. For the current quarter ending in June, Idex expects its per-share earnings to range from $2.07 to $2.12. The company expects full-year earnings in the range of $8.35 to $8.55 per share. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IEX at https://www.zacks.com/ap/IEXFor copyright information, check with the distributor of this item, STATS Perform dba Automated Insights. , source Associated Press News