IDEXX rises after raising annual profit forecast
IDXX•Shares rise after forecast increase
- Shares of IDEXX Laboratories IDXX.O rise 9.2% to $621.46, headed for biggest one-day jump in 8 months.
- Veterinary diagnostics maker raises 2026 profit forecast to $14.69-$14.94 per share from $14.45-$14.90 previously; new midpoint of about $14.82 exceeds analysts' estimate of $14.65, according to LSEG data.
Second-quarter results beat estimates
- Reports Q2 profit of $4.27 per share vs analysts' average estimate of $3.94, according to LSEG data.
- Q2 revenue rises 10% to $1.22 bln, above analysts' estimate of $1.20 bln.
- Including session's move, stock down about 7% YTD.
