IDEXX Laboratories Inc Q3 Profit Increases, Beats Estimates

(RTTNews) - IDEXX Laboratories Inc (IDXX) announced earnings for its third quarter that Increased from the same period last year and beat the Street estimates.

The company's earnings totaled $274.61 million, or $3.40 per share. This compares with $232.84 million, or $2.80 per share, last year.

Excluding items, IDEXX Laboratories Inc reported adjusted earnings of $3.22 per share for the period.

Analysts on average had expected the company to earn $3.14 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 13.3% to $1.105 billion from $975.54 million last year.

IDEXX Laboratories Inc earnings at a glance (GAAP) :

-Earnings: $274.61 Mln. vs. $232.84 Mln. last year. -EPS: $3.40 vs. $2.80 last year. -Revenue: $1.105 Bln vs. $975.54 Mln last year.

-Guidance: Full year EPS guidance: $12.81 - $13.01 Full year revenue guidance: $4,270 - $4,300 Mln