Investing.com - IDEXX Labs (NASDAQ:IDXX) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IDEXX Labs announced earnings per share of $1.29 on revenue of $626.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $1.2 on revenue of $617.7M. That with comparison to EPS of $1.17 on revenue of $576.06M in the same period a year before. IDEXX Labs had reported EPS of $1.04 on revenue of $605.45M in the previous quarter. Analysts are expecting EPS of $1.29 and revenue of $623.03M in the upcoming quarter.
IDEXX Labs shares are up 4.45% from the beginning of the year , still down 7.94% from its 52 week high of $296.25 set on February 19. They are outperforming the Nasdaq (NASDAQ:NDAQ) which is down 1.38% year to date.
IDEXX Labs follows other major Consumer/Non-Cyclical sector earnings this month
IDEXX Labs's report follows an earnings beat by Procter&Gamble on April 17, who reported EPS of $1.17 on revenue of $17.21B, compared to forecasts EPS of $1.13 on revenue of $17.31B.
Coca-Cola had beat expectations on April 21 with first quarter EPS of $0.51 on revenue of $8.6B, compared to forecast for EPS of $0.44 on revenue of $8.3B.
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