NORTHBROOK, Ill. (AP) — NORTHBROOK, Ill. (AP) — IDEX Corp. (IEX) on Tuesday reported first-quarter earnings of $121.4 million.
On a per-share basis, the Northbrook, Illinois-based company said it had net income of $1.60. Earnings, adjusted for non-recurring costs, came to $1.88 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.75 per share.
The maker of the Jaws of Life device and other engineered products posted revenue of $800.5 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $805 million.
For the current quarter ending in June, Idex expects its per-share earnings to range from $2 to $2.05.
The company expects full-year earnings in the range of $8.15 to $8.45 per share.
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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
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