IDEXX Laboratories (IDXX) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.74 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $0.62. The company posted revenue of $466.56 million in the period, compared to analysts expectations of $445.57 million. The company’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.
Many Wall Street Analysts have commented on IDEXX Laboratories. Company shares were Reiterated by Canaccord Genuity on Jul 20, 2016 to “Buy”, Firm has raised the Price Target to $ 98 from a previous price target of $90 .
IDEXX Laboratories opened for trading at $93.01 and hit $94.46 on the upside on Friday, eventually ending the session at $93.79, with a gain of 0.62% or 0.58 points. The heightened volatility saw the trading volume jump to 3,62,736 shares. Company has a market cap of $8,397 M.
In a different news, on May 5, 2016, William T End (director) sold 4,924 shares at $85.87 per share price. According to the SEC, on Feb 26, 2016, Michael J Phd Williams (Executive Vice President) sold 2,000 shares at $71.93 per share price. On Feb 25, 2016, M Anne Szostak (director) purchased 2,000 shares at $69.94 per share price, according to the Form-4 filing with the securities and exchange commission.
IDEXX Laboratories Inc. develops manufactures and distributes products and provides services primarily for the companion animal veterinary livestock and poultry water testing and dairy markets. The Company sells a line of portable electrolytes and blood gas analyzers for the human point-of-care medical diagnostics market. Its segments include Companion Animal Group (CAG) Water Livestock Poultry and Dairy and Other. Its Products and services include point-of-care veterinary diagnostic products; veterinary reference laboratory diagnostic and consulting services; practice management systems and services and digital imaging systems; biological materials testing laboratory animal diagnostic instruments and services; diagnostic health-monitoring and food safety testing products for livestock poultry and dairy; products that test water for microbiological contaminants and point-of-care electrolytes and blood gas analyzers for the human point-of-care medical diagnostics market.