IDEX rises marginally after first-quarter earnings beat
ReutersMay 1, 2025 2:25 PM
Industrial equipment maker IDEX Corp IEX.N shares up 1% to $176
The company's Q1 profit and revenue beat Wall Street estimates due to sustained recovery in demand for its health and science-related products
It posted Q1 profit of $1.75/share, above market estimates of $1.63/share
IDEX reports Q1 revenue of $814.3 million, above analyst estimates of $807.2 million
Expects Q2 adjusted profit between $1.95/share and $2.05/share, compared with analysts' average estimate of $2.10/share, according to data compiled by LSEG
Eight of 15 brokerages rate the stock "buy" or higher and seven "hold"; their median PT is $215.56
Including session moves, the stock fell 16% YTD
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