WESTBROOK, Maine (AP) — WESTBROOK, Maine (AP) — Idexx Laboratories Inc. (IDXX) on Monday reported fourth-quarter profit of $216.1 million.
The Westbrook, Maine-based company said it had profit of $2.62 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.40 per share.
The Animal diagnostic and health care company posted revenue of $954.3 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $936.8 million.
For the year, the company reported profit of $887.9 million, or $10.67 per share. Revenue was reported as $3.9 billion.
Idexx expects full-year earnings to be $11.74 to $12.24 per share, with revenue in the range of $4.06 billion to $4.17 billion.
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