IDEXX Laboratories (IDXX) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

IDEXX Laboratories (IDXX) announced its earnings results on Friday. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. The company’s revenue for the quarter was up 10.2% on a year-over-year basis.

IDXX has been the subject of a number of recent research reports. Analysts at Feltl & Co. raised their price target on shares of IDEXX Laboratories from $87.50 to $90.00 in a research note to investors on Monday, April 23rd. They now have a “hold” rating on the stock. On the ratings front, analysts at Leerink Swann upgraded shares of IDEXX Laboratories from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, April 23rd. Finally, analysts at Bank of America (NYSE: BAC) raised their price target on shares of IDEXX Laboratories from $93.00 to $94.00 in a research note to investors on Friday, April 20th. They now have a “buy” rating on the stock.

IDEXX Laboratories (IDXX) opened at 83.375 on Friday. IDEXX Laboratories (IDXX) has a 1-year low of $63.83 and a 1-year high of $89.50. The company has a market cap of $4.589 billion and a price-to-earnings ratio of 29.44.

IDEXX Laboratories, Inc. (IDEXX) develops, manufactures and distributes products, and provides services primarily for the veterinary and the production animal, water testing and dairy markets.

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Posted by Web Inquirer Staff on 1 Jun 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.