IDEX Corp. Announces 9% Advance In Q2 Profit

(RTTNews) - IDEX Corp. (IEX) reported a profit for its second quarter that advanced compared to the same period last year.

The company said its bottom line advanced to $75.76 million, or $0.99 per share. This was up from $69.59 million, or $0.89 per share, in last year's second quarter.

Analysts had expected the company to earn $0.93 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.8% to $549.70 million. This was up from $514.88 million last year.

IDEX Corp. earnings at a glance:

-Earnings (Q2): $75.76 Mln. vs. $69.59 Mln. last year. -Earnings Growth (Y-o-Y): 8.9% -EPS (Q2): $0.99 vs. $0.89 last year. -EPS Growth (Y-o-Y): 11.2% -Analysts Estimate: $0.93 -Revenue (Q2): $549.70 Mln vs. $514.88 Mln last year. -Revenue Change (Y-o-Y): 6.8%

-Guidance: Full year EPS guidance: $3.70 - $3.75