IDEXX Q1 EPS Rises, Beats Estimates; Updates FY Outlook

(RTTNews) - IDEXX Laboratories, Inc. (IDXX) Friday reported first -quarter earnings of $46.5 million compared with $44.8 million in the year-ago period. Earnings per share rose 10 percent to $0.89 per share from $0.81 per share, last year. On average, 9 analysts polled by Thomson Reuters expected earnings per share of $0.87 for the quarter. Analysts'estimates typically exclude one-time items. The company posted first-quarter revenues of $360.2 million compared with $332.1 million, last year. Analysts estimated revenues of $361.58 million for the quarter. In addition, the company increased its full-year revenue guidance to $1.495 billion - $1.51 billion, from $1.48 billion - $1.50 billion. Earnings per share are expected to be in the range of $3.76 to $3.86, unchanged from previous guidance.Analysts estimate full-year earnings to be $3.8 per share on revenues of $1.49 billion. Free cash flow for the full year is expected to be about 95 percent to 100 percent of net income and capital expenditures for the full year are expected to be about $80 million.