25.10.2023 22:36:57 - dpa-AFX: IDEX Corp. Q3 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - IDEX Corp. (IEX) reported earnings for its third
quarter that increased from the same period last year and beat the Street
estimates.
The company's bottom line totaled $209.1 million, or $2.75 per share. This
compares with $178.7 million, or $2.36 per share, in last year's third quarter.
Excluding items, IDEX Corp. reported adjusted earnings of $160.6 million or
$2.12 per share for the period.
Analysts on average had expected the company to earn $1.89 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 3.7% to $793.4 million from $824.0
million last year.
IDEX Corp. earnings at a glance (GAAP) :
-Earnings (Q3): $209.1 Mln. vs. $178.7 Mln. last year.
-EPS (Q3): $2.75 vs. $2.36 last year.
-Analyst Estimate: $1.89
-Revenue (Q3): $793.4 Mln vs. $824.0 Mln last year.
-Guidance:
Next quarter EPS guidance: $1.74 - $1.79
Full year EPS guidance: $8.13 - $8.18
Copyright(c) 2023 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX