NORTHBROOK, Ill. (AP) — NORTHBROOK, Ill. (AP) — IDEX Corp. (IEX) on Thursday reported first-quarter earnings of $95.5 million.
The Northbrook, Illinois-based company said it had profit of $1.26 per share. Earnings, adjusted for one-time gains and costs, were $1.75 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.64 per share.
The maker of the Jaws of Life device and other engineered products posted revenue of $814.3 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $803.4 million.
For the current quarter ending in June, Idex expects its per-share earnings to range from $1.95 to $2.05.
The company expects full-year earnings in the range of $8.10 to $8.45 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IEX at https://www.zacks.com/ap/IEX
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.