IDEXX Laboratories Inc Announces 50% Rise In Q1 Profit

(RTTNews) - IDEXX Laboratories Inc (IDXX) reported a profit for its first quarter that rose from last year.

The company said its bottom line rose to $69.02 million, or $0.77 per share. This was higher than $46.02 million, or $0.51 per share, in last year's first quarter.

Analysts had expected the company to earn $0.62 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 10.7% to $462.02 million. This was up from $417.55 million last year.

IDEXX Laboratories Inc earnings at a glance:

-Earnings (Q1): $69.02 Mln. vs. $46.02 Mln. last year. -Earnings Growth (Y-o-Y): 50.0% -EPS (Q1): $0.77 vs. $0.51 last year. -EPS Growth (Y-o-Y): 51.0% -Analysts Estimate: $0.62 -Revenue (Q1): $462.02 Mln vs. $417.55 Mln last year. -Revenue Change (Y-o-Y): 10.7%

-Guidance: Full year EPS guidance: $2.95 - $3.11 Full year revenue guidance: $1.925 - $1.950 Bln