IDEX Corp. Q1 Earnings Climb 16%

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

The company said its bottom line rose to $79.17 million, or $1.03 per share. This was higher than $68.13 million, or $0.89 per share, in last year's first 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 10.1% to $553.55 million. This was up from $502.57 million last year.

IDEX Corp. earnings at a glance:

-Earnings (Q1): $79.17 Mln. vs. $68.13 Mln. last year. -Earnings Growth (Y-o-Y): 16.2% -EPS (Q1): $1.03 vs. $0.89 last year. -EPS Growth (Y-o-Y): 15.7% -Analysts Estimate: $0.93 -Revenue (Q1): $553.55 Mln vs. $502.57 Mln last year. -Revenue Change (Y-o-Y): 10.1%

-Guidance: Next quarter EPS guidance: $1.04 - $1.06 Full year EPS guidance: $4.00 - $4.10